As the Canada-U.S.-Mexico Agreement (CUSMA) faces a mandatory review, major U.S. industries are pressing the administration to maintain the trade deal and remove tariffs on imports from Canada and Mexico. Public hearings in Washington this week will explore the agreement’s effects on North American commerce.
Industry submissions emphasize the wide-ranging benefits of CUSMA for U.S. manufacturing, construction, automotive, and consumer goods sectors. The National Association of Manufacturers hails the agreement as "the most pro-U.S. manufacturing trade agreement in history," highlighting its role in enhancing domestic production and global competitiveness.
Julian Karaguesian, an international trade expert, examined a selection of submissions and found strong support for the agreement, with many advocating tariff elimination and continued trilateral trade cooperation.
Construction groups, including the National Association of Home Builders, underline the importance of Canadian softwood lumber in affordable housing projects. Automakers such as GM and Ford stress that CUSMA has supported investments exceeding $60 billion in North America while enhancing their competitiveness against international rivals.
Retail and consumer goods associations echo these points, noting the agreement’s benefits for American consumers and supply chains. They caution that a full renegotiation could spark trade disputes and disrupt markets.
While support for CUSMA is broad, certain sectors, notably steel and dairy, have raised concerns about specific provisions. Meanwhile, uncertainty surrounds the agreement’s future as President Trump, who negotiated CUSMA during his first term, has expressed doubts in his second term.
The upcoming three-way review, scheduled to begin July 1, could lead to an extension of up to 16 years, renegotiation of key terms, or, in the absence of consensus, a withdrawal. Analysts warn that repeated annual reviews may undermine investor confidence and long-term economic planning in the region.
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