(John Ibbitson – Globe & Mail)
The new NAFTA. NAFTA 2.0. USMCA. CUSMA. Call it what you will, the trade agreement involving Canada, the United States and Mexico will almost certainly not be ratified this year, if ever.
After U.S. President Donald Trump insisted that the existing North American free-trade agreement be reworked, teams from all three countries laboured through months of negotiations before reaching a deal last fall. For the foreseeable future, that deal will sit in a drawer.
“It doesn’t appear possible that there will be any ratification this year,” Lawrence Hermann, a lawyer who watches Canada-U.S. trade issues closely, said in an interview.
“The political agenda is simply too toxic.” Click here to read more.
- Mexico Beefs Up Labor Bill Amid Speaker Pelosi’s NAFTA Threat (Bloomberg)
- VP Pence Speaks to Indiana Farmers About Free Trade, Tariffs (WTHR)
- Time for U.S. to Drop ‘Absurd’ Steel Tariffs, Chrystia Freeland Says (Global News)
- Freeland Says Canada Won’t Reopen USMCA to Address Democrat Demands (Globe & Mail)
- Freeland Says U.S. Doesn’t Need to Use ‘Improper’ Metal Tariffs as Negotiating Tactic, Casting More Uncertainty Over New NAFTA (Canadian Press)