Trade policy outlook for North American manufacturing

Preparing for the USMCA 2026 joint review

Since 2020, the USMCA has underpinned nearly US$2 trillion in annual trade across North America. However, upcoming mandatory reviews in 2026, rising tariffs, and shifting geopolitical dynamics are creating uncertainty for businesses reliant on this agreement. Manufacturers, in particular, face increased risks due to complex supply chains that often cross borders multiple times. Understanding evolving trade rules and preparing for potential changes is essential for building resilience and seizing new opportunities.

Key Takeaways:

USMCA maintains duty-free trade, but stricter rules and new US tariffs increase compliance costs.
Geopolitical tensions with third countries are reshaping North American trade relations.
The 2026 joint review is critical; failure to extend USMCA could disrupt trade and trigger a sunset clause countdown.

This report aims to clarify USMCA qualification requirements, explain how tariffs announced since February 2025 affect them, and explores potential changes from the 2026 joint review. It also provides strategic takeaways to help businesses build resilience and navigate upcoming challenges.

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Trade policy outlook for North American manufacturing

Preparing for the USMCA 2026 joint review

Key Takeaways:

Trade policy outlook for North American manufacturing

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