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Of course, we can't talk about tariffs without mentioning the fate of NAFTA and the deal that came after it: the United States-Mexico-Canada Agreement (USMCA). One of the primary goals of the Trump administration was to renegotiate NAFTA, which they viewed as a bad deal for the United States. The administration argued that NAFTA had led to job losses in the U.S. and that it needed to be replaced with an agreement that would better serve American interests. The negotiations were long and complex, and they involved many rounds of talks between the U.S., Canada, and Mexico. The goal was to update the terms of trade, address existing imbalances, and incorporate new provisions.
