Canada seeks 16 year USMCA extension and tariff talks
Trade minister Dominic LeBlanc met with U.S. Trade Representative Jamieson Greer to recommend a long-term renewal of the trilateral trade agreement. The proposal aims to address sectoral tariffs on steel and autos while ensuring Canada is included in ongoing regional negotiations.
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Canada proposed a 16-year renewal of the trilateral trade agreement in a letter to the United States and Mexico on Tuesday. The proposal seeks parallel negotiations on sectoral tariffs after the U.S. excluded Canada from bilateral talks with Mexico last week. Securing this extension is vital for the Canadian economy, which sends nearly 70% of its exports to U.S. markets.
