Boasting the world's biggest and strongest economy, the U.S. has enormous leverage when it sits down with a partner to negotiate a trade deal. Threats and tariffs are not really helping.
The USMCA, while imperfect, is overall a positive development for Canada. It has a number of structural elements that may very well leave us stronger when negotiating trade pacts in the future.
Canada and the United States are back at the table to try to save NAFTA negotiations. Two key issues need to be resolved.
An announcement that the United States and Mexico were close to a new trade deal came as a surprise to many. How did Canada become an afterthought during the NAFTA negotiations?
The recent U.S. trade mission to China failed, allowing no space for future compromise. What follows will likely be much more than a simple trade war.