The highlights this week: A review of the United States-Mexico-Canada Agreement gets underway, Colombia and China boost ties amid increasing U.S. pressure, and Venezuelan opposition leader María Corina Machado travels to Norway to receive the Nobel Peace Prize.
Welcome back to Foreign Policy’s Latin America Brief.
The highlights this week: A review of the United States-Mexico-Canada Agreement gets underway, Colombia and China boost ties amid increasing U.S. pressure, and Venezuelan opposition leader María Corina Machado travels to Norway to receive the Nobel Peace Prize.
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USMCA Tests Trump’s Tariffs
The Trump administration’s new National Security Strategy has raised eyebrows across Latin America for how it describes the U.S. goal of dominating the Western Hemisphere. Referencing the 19th century Monroe Doctrine, the White House pledged to box out external powers and reward countries that align with Washington.
What’s still unclear, however, is how the Trump administration plans to try to achieve its stated goal of an “economically stronger and more sophisticated” hemisphere when it comes to the biggest set of rules governing U.S. trade in the region: the U.S.-Mexico-Canada Agreement, known as USMCA.
A free trade deal has been in place among the three countries since 1994. Many experts argue that Trump violated USMCA, which replaced the North American Free Trade Agreement in 2020, with his tariffs on Canada and Mexico this year.
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