Updated
Updated · Global News · Jun 9
Canada's 300-Plus Retaliatory Tariffs Hinder CUSMA Renewal Talks, U.S. Says Before July 1 Deadline
Updated
Updated · Global News · Jun 9

Canada's 300-Plus Retaliatory Tariffs Hinder CUSMA Renewal Talks, U.S. Says Before July 1 Deadline

2 articles · Updated · Global News · Jun 9

Summary

  • Jamieson Greer said Canada’s remaining counter-tariffs on more than 300 U.S. steel, aluminum and auto products are still blocking progress toward renewing CUSMA.
  • Greer said Washington is already advancing formal talks with Mexico on tightening rules of origin and stopping third countries such as China from using North America as a tariff-free hub.
  • Canada lifted most retaliatory tariffs last fall, but kept the remaining measures in place against Trump’s sectoral duties; Greer defended those U.S. tariffs as necessary to rebuild domestic manufacturing.
  • July 1 is the deadline for Canada, the U.S. and Mexico to renew CUSMA for another 16 years, after which the pact would face annual reviews for up to 10 years instead.
  • Ottawa is pressing for a full renewal and removal of U.S. sectoral tariffs, while Ontario Premier Doug Ford and federal ministers argue uncertainty is hurting both economies.

Insights

As the July 1 deadline looms, will retaliatory tariffs cause the $1.6 trillion CUSMA trade pact to unravel?
Is the 'Fortress North America' vision a new era of prosperity or a trap for Canadian and Mexican trade?