US-Canada Trade Relations
President Trump had a productive call with Canadian Prime Minister Carney regarding the looming expiration of tariff exemptions under the USMCA. Carney stated that the old relationship between Canada and the US is over, emphasizing Canadian agency and power.
Key Points
- 25% tariffs on Canadian and Mexican goods under USMCA
- Carney emphasizes Canadian agency and power
- Trump and Carney plan to work on various aspects post-Canada's election
Pros
- Productive discussions between leaders
- Potential for beneficial outcomes for both countries
Cons
- Uncertainty over the future of trade relations
- Tariffs on Canadian and Mexican goods