All articles tagged with #usmca
Ontario Premier Doug Ford warned that U.S. tariffs are inflating costs and threatening Canada’s economy, saying 'no deal is better than a bad deal' with Trump as the Supreme Court curbs the tariffs and the 2026 U.S. midterms loom, urging caution in any future trade talks.
Canada welcomed the Supreme Court ruling striking down Trump’s global tariffs, but warned that remaining duties on steel, aluminum and autos and a forthcoming USMCA review will shape talks; Ottawa aims to renew the trilateral deal by July 1 and diversify exports beyond the United States.
U.S. officials are considering major changes to the U.S.-Mexico-Canada trade framework that could scrap or renegotiate it without Canada, using the opening of a new U.S.–Canada bridge as leverage to secure concessions. Such a move would disrupt established cross-border supply chains, upend business plans built around tri-country trade, and risk economic fallout for companies relying on the pact.
Canada opened a consulate in Nuuk as part of a long‑standing Arctic strategy, aiming to reassure Greenlanders wary of Trump’s sovereignty talk while maintaining a steady relationship with the United States; Ottawa also plans a consulate in Anchorage, highlighting a broader Arctic diplomacy push with Denmark and France, amid concerns about Russia’s Arctic footprint and climate-change impacts, and ahead of a 2026 USMCA review.
Canada announced a comprehensive plan to boost its auto sector and accelerate its electric-vehicle transition amid U.S. tariff pressure, including investment incentives for carmakers, reintroduced EV purchase rebates, and a tariff-offset credits scheme. The measures also introduce tougher emissions standards with a goal of 90% EV sales by 2040, while scrapping Trudeau’s 2023 EV mandate. The policy signals diversification from the U.S., with recent deals involving China and Korea, and comes as the USMCA faces review; environmental groups oppose the shift away from the mandate.
Trump’s tariff threats are reshaping global trade: allies are diversifying away from the U.S. as he vows 100% tariffs on Canada over China ties, threatens higher levies on South Korea for slow deal ratification, and signals willingness to revive penalties against partners with signed pacts, signaling a volatile post-NAFTA order as others pursue new deals like the EU-India agreement.
Canadian Prime Minister Mark Carney says he meant what he said in Davos about unconstrained powers and did not walk back his remarks in a call with President Trump, disputing a report by Scott Bessent; the call touched on topics from Ukraine and Venezuela to Arctic security and the USMCA, with Carney stressing Canada understood and was responding to shifts in U.S. trade policy.
Canada treats Trump’s 100% tariff threats as negotiating positioning ahead of the USMCA review, stressing the process will be narrow and not a renegotiation; Ottawa is pursuing a targeted China deal amid past tariff exchanges, while Carney and LeBlanc push for swift, multilateral action among middle powers.
Canadian Prime Minister Mark Carney says Ottawa is not pursuing a free-trade deal with China, warning that such talks could jeopardize the U.S.-Canada relationship, while downplaying Donald Trump’s tariff threats and noting USMCA rules on negotiating with a nonmarket economy.
Protests are swelling across Mexico, led by Puebla’s anti-imperialist front, after US intervention in Venezuela; tens of thousands blocked a major highway on Jan 21 and solidarity has grown in Guanajuato, Sinaloa, and beyond, uniting unions, Indigenous groups, students and housing-rights activists. Activists say Trump’s threats to strike cartels signal possible U.S. militarization of Mexico and view the intervention as part of a broader imperial project, criticizing USMCA and transnationals as drivers of displacement, inequality and environmental harm, while calling for international solidarity and boycotts linked to the World Cup.
Trump, in a Truth Social post, threatened a 100% tariff on all Canadian goods if Canada signs a deal with China, calling PM Mark Carney “governor” and signaling renewed U.S.-Canada friction amid Canada–China trade talks and ongoing USMCA negotiations.
U.S. automakers warn that 2026 will bring slower sales and higher costs as affordability pressures mount from pricier vehicles, inflation, and ongoing supply-chain issues; executives plan for the worst while pivoting to lower-priced models, certified pre-owned strategies, and possible re-entry into sedans, all amid tariff dynamics, potential USMCA negotiations, and heightened regulatory scrutiny.
Canadian Prime Minister Mark Carney’s Davos speech advocating unity among smaller nations against economic coercion went viral but drew sharp backlash from the Trump administration, threatening the six-year review of the USMCA and ongoing North American trade negotiations. Washington and Ottawa traded barbs as business leaders warned the spat could undermine the pact, with Trump questioning Canada’s gratitude and U.S. officials signaling a harder stance while Canadian leaders pressed to preserve cross-border supply chains and keep talks alive.
Commerce Secretary Lutnick argues Carney’s China deal undermines Canada’s leverage with the United States and could serve as a road map to reshaping the USMCA, as Washington weighs bilateral deals with Canada and Mexico ahead of the agreement’s mandatory review amid EV tariff dynamics.
Mexico is set to implement new tariffs, up to 35%, on imports from Asian countries including China, to protect domestic jobs and boost local industries, while also increasing government revenue; the move aligns Mexico with US trade policies and may be influenced by upcoming USMCA reviews.