The United States wants a revised North American free trade deal that keeps the basic structure of the Canada-United States-Mexico Agreement, Prime Minister Mark Carney said. Deep changes to the existing treaty would require votes in the U.S., Canadian and Mexican legislatures and “the U.S. has been clear that they do not want to go to Congress to change the fundamental architecture,” Carney said during a visit to Ireland. (The Logic)
Talking point: Despite U.S. President Donald Trump’s enthusiasm for tariffs, 85 per cent of Canada-U.S. trade is tariff-free, which Carney said shows the current government’s “revealed preference”—that is, what the administration really wants, in contrast to what its leaders and officials say. He also said that since many trade irritants within the three-country agreement involve only two of those countries, it makes sense that there are separate talks among the pairs.
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