USMCA at Four: Measuring Success, Addressing China, and the Road Towards the 2026 Review

Since coming into force on July 1, 2020, the United States-Mexico-Canada Agreement (USMCA) has delivered remarkable results. Despite the COVID-19 crisis, Russia’s invasion of Ukraine, and rising tensions with China, goods and services trade within North America has soared by 50% and North American investment flows have expanded.

In a complex geopolitical landscape, USMCA has demonstrated that deeper integration, rather than protectionism, fosters growth and economic opportunities. North America can leverage current challenges, including trade disputes and China’s role in supply chains, to strengthen the trilateral partnership between the United States, Mexico, and Canada. As the next phase of USMCA approaches, leaders must prepare to build a skilled workforce, secure critical supply chains, and maintain a competitive edge in global innovation.

To commemorate the agreement’s fourth anniversary and to highlight USMCA’s contributions to economic growth and prosperity across the continent, join the Canada Institute and Mexico Institute for a webinar on July 11 at 11:00 am (ET). The conversation will focus on the significant work remaining to address ongoing disputes and fully realize the agreement's potential. With presidential elections in Mexico and the United States this year, it is imperative to analyze their impact on USMCA policies and on the upcoming 2026 review.