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How USMCA compliance cushioned the 2025 tariff shock


Abstract: Despite regional sourcing and compliance costs, USMCA-based firms enjoy an edge over competitors outside North America facing higher U.S. tariffs.

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File(s): File format is text/html https://www.dallasfed.org/research/economics/2026/0804
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Provider: Federal Reserve Bank of Dallas

Source: Dallas Fed Economics

Publication Date: 2026-08-04