Part 5/15:
Amid ongoing negotiations around the US-Mexico-Canada Agreement (USMCA, often called CUSMA), Canadian trade policies play a crucial role in these industry upheavals. US industry leaders and automakers have expressed support for a renewed free trade agreement, emphasizing that tariffs should only apply to countries outside North America. Interestingly, some U.S. stakeholders also advocate for concessions from Canada, like easing access for dairy exports.
Meanwhile, Canada's reluctance or inability to secure a comprehensive deal with the U.S. has contributed to economic uncertainty, exacerbating issues for sectors like steel and automotive manufacturing. Despite these challenges, Canada appears to be doubling down on connections with China, even as internal security concerns grow.