USMCA – Canada Officially Requests Renewal as U.S. Triggers Forced Labor Protection Tariffs
Sundance – A rather ironic sequence of events as Canada formally requests to renew the USMCA (CUSMA) trade agreement for 16-years, followed a day later by the U.S. announcing additional tariffs toward 60 countries including Canada.
On Tuesday, Dominic LeBlanc, the trade minister from Canada assigned to USMCA negotiations, traveled to Washington DC for a meeting with U.S. Trade Representative Jamieson Greer.
LeBlanc, reflecting the obtuse nature the Canadian trade delegation is now well known for, seemed oblivious to the friction points in the U.S. position and formally requested the trade deal be renewed for another 16 years. {Citation}
LeBlanc called the agreement “highly beneficial” to all three countries. From the Canadian position this may be true, but that’s not even remotely what the U.S. team has presented in private and public comments. Continue reading
Sundance – Following direct remarks from both Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, a triggered Canadian Prime Minister Mark Carney says the U.S. will not be permitted to dictate terms of the USMCA renegotiation, now scheduled for formal talks with Mexico only beginning May 25th.