Trump says he would rather not have CUSMA, gives conflicting message on its future
Trump said he would rather no agreement than a renewed CUSMA as Canada and Mexico push to keep the 16-year trade pact in place.
- President Donald Trump said Wednesday he would rather "leave it unsigned" or "have it terminated," offering conflicting messages on CUSMA's future while attending the G7 summit in France.
- Although Trump has previously described CUSMA as "irrelevant," the agreement remains in place unless one of the countries gives six months' notice to withdraw from it.
- Christopher Sands, director of Johns Hopkins University's Center for Canadian Studies, called July 1 a milestone, likening the review to "the moment in a poker game where the players lay their cards on the table."
- Trade Minister Dominic LeBlanc met United States Trade Representative Jamieson Greer on Tuesday, asserting talks are not a "one-way conversation" as CUSMA shields Canada and Mexico from 10 per cent duties.
- While Canada and Mexico seek a 16-year extension, Trump has suggested openness to separate bilateral agreements instead of the trilateral arrangement.
73 Articles
73 Articles
US President Donald Trump asserted that his country would do better without the current trade agreement with Mexico and Canada (T-MEC), which is scheduled to be updated this year, and that he would prefer not to sign a new one. But he added that he is open to a renewal of the pact, which dates back to 1994 and whose current version came into force on July 1, 2020.
The White House argues its dissatisfaction with the treaty over Washington’s persistent trade deficits with its two American neighbors
U.S. President Donald Trump said on Wednesday that he would possibly sign the renewal of the T-MEC, but that he would prefer the treaty to cease to exist and that his country would be in a better position without a trade agreement with its U.S. partners. “I would prefer not to have the agreement, although it is possible that I will sign it. I think that as a country we would be better off if there was no agreement, but I am open to it,” Trump sa…
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