Carney says Canada will not accept U.S.-set terms ahead of North American trade pact review
The Facts
- Prime Minister Mark Carney said the United States will not dictate the terms of upcoming trade negotiations with Canada.
- Carney said Canada would not make additional concessions to get to the table for trade talks with the United States.
- The comments concern the scheduled review of the Canada-U.S.-Mexico Agreement, also referred to as CUSMA or USMCA.
- Multiple reports say the agreement's review is due by July 1.
- Reports citing Radio-Canada said U.S. officials were seeking concessions from Canada before formal negotiations begin, described as an "entry fee."
- U.S. Trade Representative Jamieson Greer said Canada is "doubling down on globalization," signaling continuing disagreement over trade policy.
- Mexico has already held two rounds of talks with the United States on the review, while no date had been announced for talks involving Canada.
Context
What trade deal is being reviewed?
The talks concern the Canada-U.S.-Mexico Agreement, known as CUSMA in Canada and USMCA in the United States, the North American trade pact binding the three countries Lethbridge News Now,Yahoo! Finance,U.S. News & World R…,Global News.
Why are the talks contentious now?
The dispute has sharpened because reports said Washington wants concessions from Canada before formal negotiations begin, while Carney publicly rejected making more concessions just to start talks Lethbridge News Now,Yahoo! Finance,CBC News,Global News,U.S. News & World R….
What happens by July 1?
Several reports say Canada, the United States and Mexico must decide by July 1 whether to keep the pact unchanged, renegotiate it, or continue with annual reviews under the agreement's terms Yahoo! Finance,Reuters,U.S. News & World R…,Global News,Straits Times.
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