Weekly Trade Briefing: April 5-9, 2021 Trade Update • APRIL 13, 2021 Aweekly roundup of .......
Find out more about the various barriers to trade identified by the Office of the U.S. Trade Representative in its latest annual National Trade Estimate Report.
With the notification to Congress, the U.S. became the third country to have completed its domestic legislative procedures needed to implement the deal, the final step necessary for the USMCA to take effect this summer. However, some are doubtful the three countries can achieve a comprehensive implementation in such a short time.
Frequently highlighted by many as a positive outcome from renegotiation of the North American Free Trade Agreement, the new trade deal between the Canada, Mexico and the United States raised the so-called de minimus thresholds under which low-value parcels can be imported duty/tax free, usually with a simplified customs process.