Canada in ‘different spot’ when it comes to Trump tariffs, U.S. trade czar says
Jamieson Greer said Canada has taken a different approach to U.S. tariffs as Washington opens talks with Mexico on revamping the trade pact.
- On Tuesday, U.S. Trade Representative Jamieson Greer announced the Trump administration will maintain tariffs on Mexico and Canada despite ongoing negotiations to revamp the North American free trade pact, citing 'significant' trade issues with Canada.
- The U.S. deficit with Mexico rose nearly 15% to $196.9 billion last year, prompting Greer to seek reduced deficits and higher Mexican tariffs on external imports; unlike the European Union, Canada retaliated against tariffs rather than accept them, placing it alongside China.
- Official negotiations with Mexico begin this week in Mexico City covering rules of origin and economic security, while Canada remains excluded from formal talks; Greer emphasized supply chain sourcing from North America for national security, criticizing Canadian automotive production as resulting from government mandates.
- Greer noted most nations begrudgingly accepted tariff levels, but Canada's approach is 'different,' making it 'hard to see where that ends,' though some negotiation areas may prove less difficult than the contentious automobile sector.
- The administration aims to restructure regional supply chains by increasing U.S. content in goods; if Mexico and other regional countries raise tariffs on external imports, the U.S. will offer preferential treatment to continental partners, fundamentally reshaping USMCA dynamics.
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42 Articles
Mexico and Washington began on Wednesday the formal negotiations of the North America Free Trade Agreement (T-MEC), which take place under the tariff pressures of President Donald Trump. T-MEC, in which Canada also participates, must be reviewed every six years. It is vital for the Mexican economy, which has the United States as the main trading partner and destination of more than 80% of its exports. The first round of negotiations will extend …
US to keep tariffs on USMCA countries, issues with Canada 'significant', Greer says
The Trump administration plans to maintain tariffs on imports from Mexico and Canada as negotiations begin to revamp the North American free trade pact. U.S. Trade Representative Jamieson Greer stated that tariffs will remain as long as a significant trade deficit exists, aiming to increase U.S. content in regional production. Differences with Canada are described as substantial, making resolution difficult.
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