Part A
The North American Free Trade Agreement (NAFTA), now the United States-Mexico-Canada Agreement (USMCA), has strengthened trade relations between the United States and Canada by reducing tariffs and facilitating the flow of goods and services. This has led to increased cross-border trade, with significant growth in sectors such as agriculture and manufacturing. The agreement has also encouraged investment and collaboration between companies in both countries.
Part B
Canada supplies approximately 47% of the oil imported into the United States. This statistic may surprise some, given the diverse sources of U.S. oil imports; however, Canada has long been a stable and reliable supplier. The geographic proximity and strong trade relations between the two countries contribute to this high percentage.
Question 3
I support the USMCA, as it promotes economic growth and job creation through increased trade between the member countries. By modernizing provisions related to digital trade and intellectual property, the agreement aligns with the advancements in today’s economy. Additionally, the protection for labor rights ensures fair practices, which can help improve workers' conditions. However, I acknowledge the concerns regarding job displacement in specific industries. While some workers may face challenges, the overall economic integration benefits many sectors. Thus, I believe the USMCA represents a positive development in North American trade relations, balancing diverse interests and fostering cooperation.
Self-Evaluation
I would rate my work a 4. I learned about the significant role Canada plays in U.S. oil imports and the complexities of trade agreements. The challenge was synthesizing various viewpoints into a cohesive argument while ensuring I included relevant examples.