Author's Summary
Canada's strong trade position under CUSMA with the US faces risks from the 2026 review, as experts urge focus on practical fixes amid political tensions and digital economy growth. (148 characters)
Canada's Trade Performance
Canada has managed well during U.S. President Donald Trump’s trade war. Prime Minister Mark Carney highlights that the nation holds the strongest trade agreement with the United States via the Canada-U.S.-Mexico Agreement (CUSMA), where over 85% of exports to America face no tariffs. Yet, this stability may shift with the upcoming 2026 joint review.
Future Borders Coalition Priorities
The Future Borders Coalition pushes for actionable steps across the U.S., Canada, and Mexico to boost business interests, cut compliance costs, and ease regulations. They advocate a "do-no-harm" approach, viewing CUSMA as key to the vital commercial ties among the three nations. On the U.S. front, efforts aim to broaden CUSMA coverage for the booming cross-border digital economy, absent from the 1994 NAFTA.
Key Q&A Highlights
Q: What are the priorities... in the upcoming CUSMA review?
A: The coalition is really focused on practical things... to advance the interests of business, reduce compliance costs, and reduce the regulatory burden.Q: Do you expect Canada’s digital legislation to become a sticking point...?
A: Canada should expect pressure, but... the vast majority of irritant challenges... are on the Mexico side.
Risks of Disruption
Continuity of CUSMA proves essential for jobs and economic steadiness. A full breakdown seems unlikely; instead, any issues would erode gradually over years built into the review process. The main worry centers on politicization turning it into debate rather than economic progress.
Canada's Domestic Dynamics
Much current activity stays internal to Canada, tackling competitiveness and aiming for a more agile, export-driven economy. Negotiators need solid prep with clear mutual-benefit goals to gain traction in the review.
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