Canada should take the hint.
On the eve of his decision this summer not to permanently extend CUSMA by another decade, U.S. President Donald Trump repeated a point he had made back in January 2025: “We don’t need their oil and gas.”
As 100 per cent of America’s natural-gas imports come from Canada (worth about $12 billion per year, all figures USD), along with 63 per cent ($125 billion per year) of its crude oil imports, our CUSMA negotiating team likely dismissed Trump’s comments as negotiating bluster.
Carney is not on Canada’s side.
