A review of the USMCA trade deal is scheduled for 2026. Ontario’s Premier says that the deal’s structure needs to change because it is unfair.
“What I am proposing is we do a bilateral trade deal with the U.S., and if Mexico wants a bilateral trade deal, God bless ‘em. But I am not going to be drawn down with these cheap imports, taking jobs from hardworking Ontarians. You look at Mexico, they are importing cheap products from China. They’re slapping a ‘Made In Mexico’ sticker on, and shipping it up, undercutting the market. Unacceptable,” Premier Doug Ford explained.
Ottawa however does not share the Ontario Premier’s perspective.
Canadian Prime Minister Justin Trudeau says that major changes for USMCA are not being considered. However, he does acknowledge concerns regarding Mexico and China.
According to Trudeau, “About all democracies around the world have expressed varying degrees of concern about Chinese overcapacity, around unfair trade practices. We’re going to continue to work with partners like the United States, and, hopefully, Mexico as well to make sure that we are united. That is a big topic of conversation that we’re going to have with the new American administration in the coming months.”
Ontario is Canada’s largest economic trade jurisdiction with the U.S. Ontraio’s Premier says that if the province was a stand-alone country, it would be the United State’s third largest trading partner in the world.
