Canada and Mexico just negotiated a trade deal that bypasses the US entirely.

The claim that Canada and Mexico have negotiated a trade deal bypassing the US is inaccurate. The most recent and relevant trade agreement involving these countries is the United States-Mexico-Canada Agreement (USMCA), which replaced NAFTA and entered into force on July 1, 2020. This agreement is trilateral, involving all three countries, and remains the core framework governing trade relations among them.ustr.govustr.govUnited States-Mexico-Canada Agreementen.wikipedia.orgen.wikipedia.orgUnited States–Mexico–Canada Agreement

While there have been tensions and tariff disputes, including a trade war beginning in early 2025 with tariffs imposed by the US on Canadian and Mexican goods,en.wikipedia.orgen.wikipedia.org2025 United States trade war with Canada and Mexico no credible evidence shows that Canada and Mexico have formalized a separate bilateral trade deal excluding the US. Some reports mention efforts by Canada and Mexico to strengthen their bilateral trade collaboration in response to US tariffs, but this does not equate to a new trade agreement that bypasses the US entirely.

Additionally, the USMCA remains active and central to North American trade.reuters.comreuters.comMexico plans stronger trade collaboration with Canada after Trump tariff threats The YouTube video claiming a $120 billion trade corridor bypassing the US appears to be speculative or promotional content without official confirmation or legal status as a trade agreement.

Therefore, the claim misrepresents current verified facts about North American trade agreements.