2026 CUSMA Review and U.S. Midterms to Shape North American Trade
The 2026 CUSMA review coincides with U.S. midterms amid tariff tensions and political uncertainty, potentially impacting trade and investment across North America, experts say.
- On Dec. 27, 2025, The Canadian Press reported a combative review of the Canada-U.S.-Mexico Agreement will coincide with a bitter U.S. midterm battle next year, and Canada can expect to feel the effects.
- President Donald Trump has imposed tariffs boosting duties on Canada to 35 per cent and added separate levies on steel, aluminum, automobiles, copper and lumber, while also criticizing Canada’s dairy supply management and calling CUSMA `transitional`.
- The CUSMA review offers a three-way choice for Canada-U.S.-Mexico Agreement partners—renew, withdraw, or trigger annual reviews, while experts warn long-standing trade irritants will be magnified and expect the United States to remain negotiating.
- If economic indicators decline, election results could spur U.S. Congress to rein in or embolden Trump amid a Gallup poll showing 36 per cent approval and 60 per cent disapproval.
- Prolonged uncertainty would drag on investment and hurt all three economies, Christopher Sands said, while Fen Osler Hampson warned much depends on congressional elections and Trump’s political fortunes.
53 Articles
53 Articles
Midterms and tariffs: 2026 could be a critical year for Canada-U.S. relations
Breaking News, Sports, Manitoba, Canada
The year 2026 could redefine the relationship between Canada and its powerful American neighbor. Several factors could contribute to this: the Canada-United States-Mexico Free Trade Agreement (CUSMA) will be under review and the mid-term elections may return control of Congress to the Democrats. If this were the case, the temptation would be great for American elected officials to limit the powers of President Donald Trump. “Midterm elections ar…
The year 2026 could redefine the relationship between Canada and its powerful American neighbor. Several factors could contribute to this: the Canada-United States-Mexico Free Trade Agreement (CUSMA) will be under review and the mid-term elections may return control of Congress to the Democrats. If this were the case, the temptation would be great for American elected officials to limit the powers of President Donald Trump. “Midterm elections ar…
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