Navigating Changes in the USMCA and Its Impact on International Trade

The video tutorial provides an overview of the USMCA, highlighting elements that remain unchanged, such as tariff elimination and the use of ACE for preferential treatment claims. It outlines significant changes, including the removal of the Certificate of Origin form requirement and the introduction of new data elements. The tutorial also details new criteria for specific commodities, particularly automotive imports, which now require increased regional value content and labor value content information. Compliance details will be shared through webinars and regulations, ensuring a smooth transition to the USMCA.

What remains unchanged in the USMCA compared to NAFTA?

• Tariffs on most goods are eliminated.

• A new Certificate of Origin is required.

• The use of a new trade platform.

• Increased tariffs on automotive imports.

Which system do importers use to request USMCA preferential treatment?

• Global Trade System

• Automated Commercial Environment (ACE)

• International Trade Portal

• USMCA Trade Platform

What is no longer required under the USMCA that was required under NAFTA?

• Trade engagement via Centers of Excellence

• Tariff elimination

• Certificate of Origin form

• Automated Commercial Environment usage

How can the required data elements for USMCA be presented to CBP?

• Only through a Certificate of Origin

• Only via the Automated Commercial Environment

• In any form, including invoices and other documentation

• Exclusively through digital forms

What is the new regional value content requirement for automotive imports under USMCA?

• 50%

• 62.25%

• 75%

• 80%

What new information must be provided regarding manufacturing facilities for automotive imports?

• Location of the facility

• Wages paid at the facilities

• Number of employees

• Annual production capacity

What is the term used for the required information on wages paid at manufacturing facilities?

• Labor cost index

• Wage value content

• Labor value content

• Manufacturing wage report

How will details on compliance for the new USMCA criteria be communicated to the private sector?

• Only through in-person workshops

• Via webinars, regulations, and the CBP website

• Through printed manuals

• By direct mail to importers

What is CBP's role in the implementation of USMCA?

• To create new trade agreements

• To eliminate all trade barriers

• To work closely with the trade community for a smooth transition

• To impose new tariffs

Where can more information about USMCA be found?

• trade.gov/usmca

• cbp.gov/trade

• usmca.gov

• usmca-info.com