The Richmond Fed observes that while approximately half of imports from Canada and Mexico fall outside the scope of the USMCA, these goods do not constitute the most import-heavy segments of U.S. trade with those countries, leading to a more dispersed impact across sectors compared to the high-volume sector targeting in Scenario 1.

Authors

• Person: Not available Organization: Federal Reserve Bank of Richmond
  Tariffs: Estimating the Economic Impact of the 2025 Measures and ...

Sources

• Tariffs: Estimating the Economic Impact of the 2025 Measures and ... www.richmondfed.org Federal Reserve Bank of Richmond via serper

Referenced by nodes (4)

• USMCA concept
• Federal Reserve Bank of Richmond entity
• Canada location
• Mexico location