While Everyone Watches Oil And Tariffs, USMCA Looms

USMCA negotiations are quietly emerging as a major supply chain risk ahead of the July 1, 2026 review deadline. Here’s what leaders should do now to prepare.

Apr 06, 2026

The war with Iran — and its impact on fuel prices and supply chains — is dominating the headlines. There are also ongoing developments on the tariffs front. The Trump administration, for example, is imposing new tariffs on branded drugs from pharmaceutical companies, and it’s changing how tariffs on imported steel, aluminum, and copper are assessed.

But outside the spotlight (for now) is another trade-related development that could have equally significant supply chain implications: USMCA negotiations.

Talks to renew the US-Mexico-Canada Agreement have begun — at least between the U.S. and Mexico — and there’s considerable uncertainty about what will happen in the weeks ahead leading up to July 1, 2026.

What’s so important about that date?

Rising Diesel Prices: How Are Shippers Responding?

Diesel prices are rising again — and quickly. As reported in the Wall Street Journal: “Diesel prices for U.S. truckers rose a record 96 cents a gallon this past week [25% increase], an ominous sign for retailers and manufacturers juggling tariffs and bracing for higher shipping costs following the U.S.-Israeli attacks on Iran.”

If elevated prices persist through the rest of 2026, how will shippers respond?

This survey explored the expected impact on transportation spend, the actions companies are most likely to take, how fuel surcharge programs are structured, and the biggest challenges in managing fuel price volatility.

Download Report

Subscribe to "Be Uncommon" Newsletter