Episode Details

Canada’s big trade deal with the U.S. and Mexico, CUSMA, hits a major review deadline today—July 1—with all three nations holding a virtual meeting to decide whether to extend it for another 16 years. If no agreement is reached, the deal could enter annual reviews and expire in just 10 years. Prime Minister Carney’s team is taking a cautious approach, avoiding rushed decisions despite earlier promises to Trump. The U.S. remains ambiguous, with Trump flip-flopping on extension, while Canada and Mexico push hard for the 16-year deal. Key sticking points include U.S. demands on Canadian alcohol rules, digital policies, and supply chain preferences. Canadian officials stress this is a check-in, not a hard stop—no bad deal, just a quality one.

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