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In conducting a total cost of ownership analysis, it is probably best to use a team representing the key functional areas.
North American Free Trade Agreement
A trade agreement between Canada, Mexico, and the United States designed to reduce tariff barriers and increase economic cooperation.
Tariffs
Taxes imposed by a government on imported goods, often used to protect domestic industries and regulate trade.
Trade Embargoes
Government-imposed restrictions on the exchange of goods and services with a particular country or group of countries.
USMCA
The United States-Mexico-Canada Agreement, a free trade agreement between these three countries that replaced NAFTA.
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