Mexico’s foreign secretary says his country isn’t looking to cut a deal with the U.S. if it means abandoning the trilateral trade pact with Canada.
When asked Friday if Mexico would go it alone on a trade deal with the U.S., Roberto Velasco Álvarez shook his head and said all three countries that make up the Canada-U.S.-Mexico Agreement (CUSMA) have bilateral issues to work on.
They did last time freezing out Freeland.
Forty-two per cent of Canadian manufacturers are considering shifting production to the United States or have already done so. A survey from KPMG released in July found that 57 per cent had paused, reduced, or cancelled capital investment projects in Canada. That is a potential exodus in the making, and it could gut what is left of manufacturing in this country.
The so-called dark art of political spin is nothing more than politicians proclaiming failure as success or, in the case of Mark Carney, that capitulation is rather a resounding victory.
Canada’s new deal — a “bribe” according to one economist — on the Gordie Howe Bridge has been trumpeted by the prime minister as a sign of astute negotiations with the United States when it is really caving in to the demands of Donald Trump.
The federal government is refusing to release the details of a revised agreement governing the Gordie Howe International Bridge after Prime Minister Mark Carney confirmed Canada will share future toll revenues with the United States, departing from the original 2012 agreement.
Blacklock’s Reporter said the issue surfaced after U.S. President Donald Trump announced on social media that he had negotiated more favourable terms for the United States.
A year and a half after Canadians started ditching their trips south of the border, at least some of them are hitting the road again.
In June, Canadian resident return trips from the U.S. inched up 3.2 per cent compared to the same month last year, according to new data from Statistics Canada.
It’s the third month in a row that inbound travel from the U.S. by Canadians has increased, following a rise of 9.5 per cent in May and 1.4 per cent in April.
Prime Minister Mark Carney is defending the deal brokered between Canada and the United States to open the delayed Gordie Howe International Bridge and insists the profits split with the Americans will be minimal.
“The word ‘net’ does a lot of work in this. We are sharing after Canada is paid back,” Carney said in an interview with CTV Calgary’s Tara Nelson at the Calgary Stampede on Sunday when asked about the agreement.
OTTAWA – In a week that saw Toyota announce it’s moving some production from Mexico to the U.S., and a new KPMG survey finding four in 10 Canadian manufacturers have moved operations to the U.S. or are planning to do so, an international trade lawyer expects bigger manufacturing moves like Toyota’s on the horizon for Canada.
On Monday, Toyota said it will build a new US$3.6B plant in San Antonio, Texas, and move some production of its Tacoma pickup truck out of its Mexico plant over a four-year period.
U.S. President Donald Trump credited his country’s tariffs for the move, musing that it will be the largest car plant in the world.
In 1961, U.S. President John F. Kennedy famously said, about the U.S.-Canada relationship, that: “Geography has made us neighbours. History has made us friends. Economics has made us partners. And necessity has made us allies.”
Fast-forward 65 years, and Canada and the United States are still neighbours, partners and allies. It just doesn’t feel like they are good friends right now. In some ways, the relationship feels less like a friendship than a very long marriage under strain. One partner is angry, the other partner distracted. Both are still deeply tied together by shared interests and a future that cannot easily be separated.
The exodus to the U.S. continues for some Canadian-based businesses.
A new study by KPMG found that 40% or manufacturers in Canada have moved production south of the border or are considering the idea as they adapt to trade uncertainty and competitive pressure.
“Manufacturers have shown incredible resilience, adapting to tariffs and uncertainty to navigate this period of heightened volatility,” said Anamika Gadia, Partner and National Leader of Industrial Markets at KPMG Canada.
Carney’s call to arms has yielded less than 1% of the 50 Million needed for the restoration of 24 Sussex Drive.
The Gordie Howe International Bridge connecting Ontario to Michigan will open July 27, the federal government has confirmed.
Canada and Michigan agreed on Friday to open the bridge with the support of the United States government, according to a news release issued just after 7 p.m. ET by the Department of Housing, Infrastructure and Communities.
“To support this opening and ensure that benefits are felt on both sides of the border, Canada and the United States have agreed to a series of co-operative measures focused on toll governance and transparency,” the release said.
This week I sat in a hearing room in Washington while officials of the United States weighed whether to place new tariffs on Canadian goods. I returned home sickened by what I saw. American companies stood up, one after another, and asked their own government for trade vengeance against foreign competitors, dressed in the language of a forced labour proceeding. Across three days of hearings, I was the only witness with a Canadian connection to appear. No one came on behalf of the Government of Canada. The invitation for a Canadian chair sat empty.
Donald Trump’s tariffs are bringing jobs from Mexico back to the USA. Toyota is now moving more production for its Tacoma pickup truck from the Baja California (Mexico) location to San Antonio, Texas. This is a win for American workers.
The Tacoma is 2nd only to F-150 in US sales.
A new survey shows trade tensions have some Canadian manufacturers deciding to move production south of the border or delay capital investments.
KPMG Canada said on Tuesday that 42 per cent of Canadian manufacturing companies indicated they have or are considering moving production to the United States. Of those considering relocating, 77 per cent expect to make the transition within the next two years.
Anamika Gadia, partner and national leader of industrial markets at KPMG Canada, said domestic manufacturers have shown resilience over the last year, “but resilience certainly has its limits.”
U.S. Republican Congresswoman Claudia Tenney proposed legislature Monday which she says would “hold Canada accountable” for “unfair” provincial limits on importing American alcohol — which were made in response to the trade war and tariffs launched against Canada last year.
The Combating Attacks on our National Alcoholic Drinks by Allies (CANADA) Act states that under Section 301 of the U.S. Trade Act, the legislation would direct U.S. Trade Representative Jamieson Greer and his office to investigate Canadian provincial liquor board restrictions on the import and distribution of U.S. products within 30 days, if made law.
U.S. Ambassador to Canada Pete Hoekstra says the Trump administration has not met with Alberta separatists, nor discussed any potential financial support for an independent Alberta, directly contradicting claims made by prominent separatists.
“No, we’re not meeting with the separatists and strategizing this at all,” Hoekstra told Global News.
