Sourabh Gupta, Head of Trade 'n Technology Program, Institute for China-America Studies

Patrick Leblond, Professor, Graduate School of Public and International Affairs, University of Ottawa

Enrique Dussel Peters Professor, Graduate School of Economics, Universidad Nacional Autónoma de México (UNAM)

Randall Morck Stephen A. Jarislowsky Distinguished Chair in Finance, University of Alberta's Alberta School of Business Research Associate, National Bureau of Economic Research

Georgy Egorov James Farley/Booz, Allen & Hamilton Research Professor Professor of Managerial Economics & Decision Sciences, Director, Ford Center

James Harrigan Professor of Economics, University of Virginia

April 2, President Trump announced a fresh round of tariffs aimed atreshaping international trade relationships, particularly with North American partners. This policy move, framed as a response to what the administration perceives as unfair practices, has introduced new tension into an already complex economic environment. Given that the United States, Mexico, and Canada are deeply entwined through the United States–Mexico–Canada Agreement (USMCA), these tariffs have broad implications—shifting cross-border supply chains, altering market access, and prompting reciprocal counter measures. Though the policy’s immediate focus targets North American partners, it carries global ramifications, linking trade disputes with Chinese markets and beyond. 

Beyond North America, President Trump’s new tariff measures cast along shadow over trans-Pacific relationships. Japan and Korea—both major trading partners with the U.S. and integral components of global supply networks—are watching the North American tariff dispute closely. Shifts in automotive and technology supply chains have ripple effects that reach Asian markets, influencing everything from manufacturing plant locations to investment decisions.

Join us virtually on May 6, 2025 11:00AM – 12:30PM EST for our first Digital Fireside Series discussing Trump’s next steps and implications for U.S. Policy, shifts in investment and manufacturing strategy and the future of USMCA, Canada’s political landscape and trade policy shifts, and Mexico’s position between the U.S. and China.