{"id":115362,"date":"2025-09-02T23:33:12","date_gmt":"2025-09-02T23:33:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/115362\/"},"modified":"2025-09-02T23:33:12","modified_gmt":"2025-09-02T23:33:12","slug":"a-deep-dive-into-usmca-compliance-us-tariffs-and-canada","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/115362\/","title":{"rendered":"A deep dive into USMCA compliance, US tariffs and Canada"},"content":{"rendered":"<p>\tA deep dive into USMCA compliance, US tariffs and Canada | Oxford Economics<\/p>\n<p>  &#13;<br \/>\n&#13;<br \/>\n&#13;<\/p>\n<p>\t<a href=\"#main\" class=\"skip-link\">Skip to content<\/a><\/p>\n<p>\t&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<\/p>\n<p class=\"oe-margin-remove-bottom has-medium-font-size\">Early insights into US tariffs and their impact on Canadian goods<\/p>\n<p class=\"oe-margin-remove-top oe-text-medium uk-text-bold\">Official data on USMCA compliance significantly underestimates the tariff exemptions being granted to Canadian firms. In June, around 90% of Canadian goods entered the US duty-free, even though only 56% qualified as USMCA-compliant, according to the US Census Bureau.<\/p>\n<p>In our September baseline, we\u2019re updating our approach to measuring USMCA compliance and other exemptions to account for this discrepancy.<\/p>\n<p>A combination of factors likely explains why US duties collected from Canada remain low.<\/p>\n<p>Rising USMCA compliance and other exemptions are cushioning the impact of US tariffs on Canada\u2019s economy.<\/p>\n<p>Real goods exports and manufacturing sales collapsed in Q2, and we expect the negative impacts of continued trade policy uncertainty on private capital investment, sentiment, and hiring to deepen in the coming quarters.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"932\" height=\"696\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-02-174655.png\" alt=\"\" class=\"wp-image-116739\" style=\"width:500px\"  \/><\/p>\n<p>You might also be interested in<\/p>\n<p><a class=\"gb-container-link\" href=\"https:\/\/www.oxfordeconomics.com\/service-category\/macro\/\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n<p>This report was brought to you by the MACRO team. <\/p>\n<p>Reliable and consistent macroeconomic forecasts, analysis, models and scenarios provide the insight necessary to make informed decisions in a fast-changing world.<\/p>\n<p><a class=\"gb-button gb-button-508db345\" href=\"https:\/\/www.oxfordeconomics.com\/service-category\/macro\/\" rel=\"nofollow noopener\" target=\"_blank\">Unlock the power of economics<\/a><\/p>\n<p>[autopilot_shortcode]<\/p>\n<p>      Select to close video modal<\/p>\n<p>      Select to close video modal<\/p>\n<p>      Play Video<br \/>\n      Select to play video<\/p>\n<p>\t\t<a href=\"https:\/\/www.oxfordeconomics.com\" class=\"gm02__logo\" aria-label=\"Select to return to the homepage\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n\t\t\t<img decoding=\"async\" src=\"https:\/\/www.oxfordeconomics.com\/wp-content\/themes\/oxford-economics\/assets\/svg\/logo.svg\" alt=\"Select to return to the homepage\" class=\"gm02__logo-image\"\/><br \/>\n\t\t<\/a><\/p>\n<p class=\"gm02__copyright\">\u00a9 Oxford Economics 2025 all rights reserved<\/p>\n<p>\t\t  \t\tShare\t<\/p>\n<p><img decoding=\"async\" class=\"oe-position-relative\" width=\"32\" alt=\"USA content links popup\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/09\/USA.png\" title=\"USA\"\/><\/p>\n<p>Services you might be interested in<\/p>\n<p>\t\t\tX\t\t\t<\/p>\n<p><img decoding=\"async\" class=\"oe-position-relative\" width=\"32\" alt=\"Australian content links popup\" src=\"https:\/\/www.oxfordeconomics.com\/wp-content\/uploads\/2025\/04\/australia.svg\" title=\"australia\"\/><\/p>\n<p>Services you might be interested in<\/p>\n<p>\t\t\tX Close\t\t\t<\/p>\n<p>symbol\/arrow LEFTsymbol\/arrow RIGHTPathFill 1Combined Shapeicon-arrow-lefticon-arrow-rightPathRectanglePathicon calendarPathPathicon-circle-playClose IconEmailShapeExternal iconFacebookInstagramLinkedInShapeicon-mouseTelephoneShapeicon-pinterestPlay iconProfile icon??PathShapeFill 1IconPathicon-twitterWe Chaticon-youtubeLogo_OxEc  <\/p>\n","protected":false},"excerpt":{"rendered":"A deep dive into USMCA compliance, US tariffs and Canada | Oxford Economics &#13; &#13; &#13; Skip to&hellip;\n","protected":false},"author":2,"featured_media":115363,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,64754,44,64755],"class_list":["post-115362","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-ca","tag-canada","tag-globaltrade","tag-news","tag-tradepolicy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/115362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=115362"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/115362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/115363"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=115362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=115362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=115362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}