WITH THE U.S.-MEXICO-CANADA TRADE AGREEMENT SCHEDULED FOR REVIEW IN 2025, THERE IS TALK CANADA MIGHT CUT ITS OWN DEAL WITH THE UNITED STATES AND LEAVE MEXICO OUT.
CANADIAN LEADERS ARE NOW OPENLY ACCUSING MEXICO OF ALLOWING CHINA **ACCESS** TO THE NORTH AMERICAN FREE-TRADE ZONE, THUS ALLOWING CHINESE PRODUCTS TO BYPASS BOTH AMERICAN AND CANADIAN EXISTING TARIFFS.
PRIME MINISTER JUSTIN TRUDEAU SAID HE RAISED THOSE CONCERNS WITH MEXICAN PRESIDENT CLAUDIA SHEINBAUM AT THE RECENT G-20 SUMMIT. HOWEVER SHEINBAUM DISMISSED THE COMPLAINTS, AS CAMPAIGN RHETORIC.
ONTARIO PREMIER DOUG FORD TOOK MATTERS A STEP FURTHER IN A PHONE CALL WITH OTHER PROVINCIAL PREMIERS. LATER TELLING REPORTERS, “WE KNOW MEXICO IS BRINGING IN CHEAP CHINESE PARTS, SLAPPING MADE-IN-MEXICO STICKERS ON, AND SHIPPING IT UP THROUGH THE U.S. AND CANADA, CAUSING AMERICAN JOBS TO BE LOST AND CANADIAN JOBS.“ FORD SAYS HE WOULD LIKE TO SEE CANADA MAKE A SEPARATE BI-LATERAL DEAL WITH THE UNITED STATES.
CURRENTLY CANADA AND MEXICO SEND 80% OF THEIR EXPORTS TO THE U.S.
ON THE CAMPAIGN TRAIL PRESIDENT-ELECT DONALD TRUMP CRITICIZED CHINESE INVESTMENT IN MEXICO AND THREATENED TO PLACE STEEP TARIFFS ON PRODUCTS COMING INTO THE U.S., THAT MIGHT HAVE BEEN MANUFACTURED IN CHINA.
A TOP MEXICAN TRADE MINISTER COUNTERED, THAT CHINA’S DIRECT FOREIGN INVESTMENT IS SIGNIFICANTLY HIGHER IN THE U.S. AND CANADA, THAN IT IS WITH MEXICO.
THE U.S.-MEXICO-CANADA AGREEMENT REPLACED THE NORTH AMERICAN FREE TRADE AGREEMENT, OR NAFTA, DURING THE FIRST TRUMP ADMINISTRATION. NOW, AS 2025 APPROACHES, CANADA SAYS IT WANTS FAIR TRADE AND FOR NOW, CANADIAN LEADERS SAY, THAT PUTS IT AT-ODDS WITH MEXICO,