USMCA

FTAs

United States-Mexico-Canada Agreement (replaced NAFTA in 2020). Auto RVC threshold raised to 75% (from 62.5%) + labour value content 40-45% at $16/hr+. Sunset clause: 6-year review, 16-year term.

Related terms

• RCEP

Sources

1. U.S. Senate Committee on Finance (official) finance.senate.gov accessed 20 August 2026
2. Office of the United States Trade Representative (USTR) ustr.gov accessed 20 August 2026
3. Brookings Institution brookings.edu accessed 20 August 2026

From the AJG lexicon archive (July 2026); fact-checked against primary sources 20 August 2026.