Trump’s trade war ‘blows a complete hole’ in CUSMA, architects say
Global News
The Canadian and Mexican architects of the Canada-U.S.-Mexico Agreement say Donald Trump's trade war has crossed a line that essentially wipes out the continental trade pact.
The Canadian and Mexican architects of the Canada-U.S.-Mexico Agreement say Donald Trump’s trade war has crossed a line that essentially wipes out the continental trade pact, as experts suggest the president’s actions are meant to rattle America’s closest neighbours ahead of a mandatory review.
Canada’s chief negotiator, Steve Verheul, and Mexico’s chief negotiator, Ken Smith Ramos, said the devastating duties essentially suspend the Canada-U.S.-Mexico Agreement.
“With 25 per cent tariffs, it blows a complete hole in the trade agreement,” Verheul said Wednesday.
“It makes it virtually worthless to us. In fact, it leaves Canada and Mexico in a far worse position than any other country in the world practically.”
Trump followed through Tuesday on his threat to impose sweeping economy-wide tariffs on Canada and Mexico, with a lower 10 per cent levy on Canadian energy.
Ottawa responded with retaliatory tariffs on $30 billion in American goods the same day. Another $125 billion in Canadian tariffs are set to come into effect 21 days later.
Mexican President Claudia Sheinbaum said her government would announce duties on targeted products and other measures Sunday. She said “there is no motive or reason, nor justification that supports this decision that will affect our people and our nations.”
Trump pushed ahead with the levies on Canada using the International Economic Emergency Powers Act, a national security statute that gives him authority to control economic transactions, after he declared an emergency on fentanyl at the northern border.
As they face already low grain prices, Canadian and U.S. farmers are bracing for an increase in the cost of fertilizer amid President Donald Trump's trade war.
The size of pre-approved designs released on Friday range from additional dwelling units (ADUs) of 50 square feet to three-bedroom sixplexes of 739 square feet
The RCMP says officers kept the family on the phone while tracking their coordinates by GPS and by following their footsteps in the snow.
Labour Minister Steve MacKinnon announced new 'temporary work-sharing measures' that will go into effect Friday to mitigate the impacts of the U.S. trade war.
The U.S. defence secretary had given the military until Wednesday to remove content that highlights diversity efforts in its ranks following Trump’s executive order.
The locations are also the centre of the industry's new Cineventure Campaign, which guides visitors to locations where their favourite series and movies were shot.
A 43-year-old Ontario man is charged after falsely accusing his partner of impaired driving, with police discovering he was the one driving under the influence.
Tens of thousands of music fans flock to Birds Hill Park each summer for the Winnipeg Folk Festival, but this year's a special one for the local event — its 50th anniversary.
February was the first full month since the inauguration of Donald Trump, a period which has seen great uncertainty on the Canada-U.S. trade relationship.
A federal judge has dismissed a legal challenge of Justin Trudeau's move to prorogue Parliament, concluding the prime minister did not exceed the bounds of his authority.
J.P. Cormier, Nova Scotia musician, cuts ties with the U.S. over Trump's tariffs, emphasizing the importance of Canadian solidarity.
The Supreme Court of Canada is set to release its decision today about third-party election advertising rules in Ontario that limit spending.
A combination of anger over U.S. President Donald Trump's tariff and annexation threats and a weak Canadian dollar have Canadian tourists avoiding the U.S.