US declines CUSMA trade deal renewal with Canada, Mexico
Video Overview & Insights
The U.S. is officially saying it won't renew the Canada-United States-Mexico (CUSMA) trade agreement that's been in place since 2020.
Good. Because CUSMA was a bad deal for Canada anyway.
U.S. President Donald Trump was part of CUSMA negotiations during his first term in office, with the deal replacing the North American Free Trade Agreement (NAFTA) that was implemented in 1994.
Touria Izri explains the potential motive, how the move does not kill the deal, the uncertainty of free trade in North America and what it could take for a new deal to be signed.
Ok cool, can we build refineries and pipelines now?
For more info, please go to https://globalnews.ca/news/11948893/cusma-talks-deadline/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Trump was never going to renew cusma
Follow Global News on X HERE: http://bit.ly/1Toz8mt
Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en
O.k. 45 years of freedom trade is over. Good luck Americans. 40 years of making profits done. Just remember, Trump and the elected Republicans did this.
#GlobalNews
Why panic they 10 years left they are 194 countries we can make deal, u can’t trust US and orange man.
More User Perspectives
Carney knew this was coming and Canada is ready thanks to his amazing leadership and Harvard trained Economic skills. Remember what Trump said, "The U.S. needs nothing from Canada". So I say as a Canadian, give them nothing. No oil, no electricity and Canadians need to get serious and stop buying U.S. products including vehicles. I will be buying the first BYD truck available here asap and ditching my overpriced GMC!
@RodeoRangerOur government has failed us again, they didn't even show up to negotiate
@louisboland9149That should apply to China
@omomo-p2fThe only response should be to continue the diversification away from the newly fascist UFSA. Anything they say or sign would be worthless anyway. The decades of dependence and us supporting the UFSA economy needs to end and the PM would appear to be doing a good job of engaging with the actual civilized world. The American era is ending. Canada doesn’t need to go down with them.
@FableirishCanada was much better off before free trade. We lost all of our manufacturing to the US then to Mexico. The only benefit was to multinationals. We were a good country before free trade and we will be stronger and more independent with out it. We need to renegotiate the water and energy deals we have, the US will never be the same and we should never put our trust in them again. They will always be one election away from a repeat.
@timtrentadue-jw5pnPretty sure Mexico is interested in dealing whith Canada 🇨🇦 😊
@kerstinengelhardt1993🤷
@kerstinengelhardt1993Like they said, it means nothing. Trump will be long DEAD when the deal expires in 10 years.
@Lunarwarrior411Carney may be smart and experienced in economics, but he is still unproven in the kind of political execution Canada needs right now.
@LeandroSantos-bt1lgWhat a master negotiator he is. More gains for brookfield, I bet. More job fair lineups and food banks for Canadians.
@CultofXhekajStop waiting for the USA. Let's move on.
@nicholasblahuta2878Get it through your thick heads!
The usa is nothing more than an neighbourhood bully.
The orange man has nothing to offer Canada or the world.
Who is the real enemy?
open ai owes its users over 1 quadrillion bro
$1,018,656,000,000,000
its def not going to make it
Canadian companies are moving south where it is cheaper to do business and no net zero adding cost, and carbon making working in Canada non-profitable. And you ARE NOT hiring Canadians, FTW are being imported and us tax payers are paying for these people to take our jobs. You have failed Canada.
@ericpuddephatt3435Lets dump more alcohol on the ground.
@kac5599We don't need to trade oil and energy for sub par dairy products. or Chinese made American goods that Walmart sells. Trump is one of the rich business owners that moved manufacturing to China. His products are almost all made in China.
@mikeohagan2206Maybe is you use the proper name USMCA, that would help. And only Canada is not invited, Mexico's traded deal is moving along fine.
@ericpuddephatt3435Carney failed Canada
He never even tried
What a pathetic joke Canada is
Carney is incompetent and corrupt, liberals voters are getting gashlighted so hard, the US is 76% of our exports and 50% of our imports, we CANNOT function without TRADE with the US
@phil-lThis man doesnt understand how stupid it makes him look. He made the deal in the first place now he says its bad meaning he made a bad deal for himself. And is so senile he thinks somehow that Obama made it. He also doesnt get this also hurts his own country as much as it hurts canada and Mexico, but as long as he sees profits for his friends he doesnt care about his own people.
@blairbryan4040more doom and gloom from the media in false reporting in order to create an emotional sales pitch for their crap
@bfstudioscaTrump will be out in 2 years... and someone with sense will hopefully be elected in the USA
@Queenb2001Flop, fail, fall; that is Canada with its elbows up and they are definitely at the edge of a cliff with arrogance and incompetence.
@BeaBoppityBopHopefully the US elects a democrat when we have to actually negotiate the next trade deal. If not *shrugs shoulders
@profoundpearlcensorship is evil.
Even when using it for "good"
It's authoritarian and disrespectful.
Trump will do whatever he wants on the day and never follows rules. Demential.
@dsbarclayeng1Nafta sucks
@dkblackoutWhy don’t you make headline that is the truth.
Carney failed to negotiate with US so that is why they rejected cusma. Carney failed Canadians and lied about he is the guy to negotiate with Trump
Who cares about the trades with the USA. their economy will crumble as long as Trump is still in office.
@UNCLEchippy888There was a good place to live before nafta and we will enjoy our free and decent lives after cusma .
@CanadiantruenorthAs soon as Trump MAGA went into office the USA became unreliable as a partner, to all of her allies. The USA has betrayed Ukraine, and has attacked her biggest trading partner Canada while buddying up to dictator Putin trying to slice up the world.
@Monashee1Hopefully, this is the next step in them coming up and just taking it cause We can't run it or govern it properly. This country is a dumpster fire under the liberals
@RussianOldSpiceUS won't renew because they know they can't negociate with smart adults. They hide cowering for a year.
@malarie11Canada and Mexico entertaining negotiations? that's all you got... President Trump doesn't care, he doesn't need you! If you want to keep trading unfairly that's up to you. Keep kissing China's a** and see where that gets you.
@rtile9053Of course we are going to pay. Not just us, them too. That's the price of war. A war that one man , (one fckn rotten to the core dude) created to enhance his own self. The real price paying now is the demise of USA. Not Canada. We will survive this better than them. We have more informed people which leads to better judgements. We have the entire world at our doorstep with somewhat open arms. We have a leader that talks for us and not against us. ie: He does not put down any workers/ people of any type. We are in the garage and tuning up with the rest of the world . The USA / DT is not. Ya its going to get tougher if not tough already. Think of it like learning a new thing. Its tough at first but the rewards are coming.
@petepete2284Petty soon Canada will have no other option but to join the EU.
@Highwayspet"Declines"??? If Canada does not even SHOW UP to the negotiations, how is a deal supposed to be reached? Saying the US "declined" CUSMA is yet another outright media LIE designed to cast the blame on the one party who actually showed up. You wonder why Canadians do not trust MSM??? Look no further, you LIE to us daily, SPIN the news daily. You are nothing more than a bought and paid for propaganda machine.
@GippetosGood, now we have zero obligations with the US and can move on freely to do what we want regarding trade somewhere else.
@jonnymagnum1Trump for prime minister
@thesloppypigs5823In ten years, Canada will have left the US far behind. One more reason to diversify away from erratic neighbours. Buy Canadian, or any other country.
@kaptaink1897My prediction is that will ultimately be renewed or at minimum stay the same and we will be back here next year. Trump has to be Trump and give a show of "Worst deal ever", "Mexico and Canada are cheating us" well something to satisfy his base and posture. Ultimately the billionaire donor class who make money off the deal will tell him without the deal we won't have the cash to buy your Crypto/Condos etc. Trump will say something like the US has bigger issues like Iran so let's revisit next July. Meanwhile Canada is signing trade deals with Europe, India, Asia who's economies put together are much bigger than the US alone.
@mikefromvernonGod bless Trump God bless US.
The clowns Show don't stop
Carney must resign
@hazellafreniere2909Why did anyone vote for this clown?
@danmasters9607Nothing to worry about according to the liberals. Canada has all the leverage. The are about to be taught a hard lesson.
@WendellNeal-n7y