Newsletter-April-2025

The trilateral relationship in the face of the imposition of tariffs

April 2025

The trilateral relationship in the face of the imposition of tariffs

The North American region maintains strong economic integration, which has been affected by the tariffs imposed by the Trump administration. However, the recent exclusion of Mexico and Canada from reciprocal tariffs opens a new scenario that recognizes the role of the USMCA in regional integration.

Mexico and Canada have responded to these measures differently, both in their strategies and their political relationship. Understanding current dynamics is essential to anticipating the possible scenarios that will define the future of North American economic integration.