Can I use the USB port to migrate from my old Mac to my new Mac?

How to use target disk mode to move files between two Mac computers

You can also transfer data across two or more computers connected to the same local network via File Sharing: Set up file sharing on Mac - Apple Support and How to connect with File Sharing on your Mac.

babygut wrote:

Can I connect a cable from the USB port on my old MacBook Pro (567) to the Thunderbolt 3 port on my new MacBook Pro to migrate the computer data?

Yes a cabled connection is the way to go. USB-C to USB Adapter - Apple

(You will use this adapter for all your external USB devices to connect to Thunderbolt.)

The most trouble free way to move from an old machine to a new machine is the Setup Assistant on the initial boot up.

Set up your new Mac - Apple Support

The second best way is use the Migration Assistant