US President Trump and his advisors have reportedly indicated that the USMCA could be scrapped, NY Times reports. Instead, the US could have bilateral deals with Canada and Mexico.
Importance
Level 1
- US officials have been increasing pressure on Canada.
- Canadian officials cited add that their expectation for a full renewal of the USMCA is very low. Officials believe Trump is trying to weaken Canada economically to force it to give up some protectionist policies.
- The article reminds us that in 2018, the US proposed a bilateral deal with Mexico and told Canada to get on board or be left out.
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