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u.s.-Mexico-Canada Agreement: Business Groups and American Migrants

u.s.-mexico-canada agreement: His threat, which drew an outcry from a broad span of business groups and political figures, suddenly cast doubt on prospects for a new North American trade agreement, according to CTV. Trump last year negotiated the deal, formally called the U.S.-Mexico-Canada Agreement, or USMCA, and billed it a triumph of his economic policymaking. Trump announced Thursday that he would impose a 5% tax on all Mexican imports on June 10 -- and raise it to 25% by Oct. 1 -- unless Mexico stopped a surge of Central American migrants into the U.S. That would swell the prices Americans pay for countless items from avocadoes to clothes to medical devices. The USMCA must be approved by lawmakers in all three countries. The very point of free-trade pacts, after all, is to liberate countries from tariffs and other protectionist policies that hurt their exporters. Yet Mexico is unlikely to ratify the pact if it must cope with a new batch of Trump-imposed tariffs just months after forging a free-trade agreement with the administration. ( As reported in the news.