Predictably, the Americans have declined to renew the Canada U.S. Mexico Agreement. As of Wednesday’s deadline, the trade deal enters potentially a decade of annual reviews, staying in force and expiring in 2036. That precarious uncertainty weighs heavily on the Canadian economy. A review decade is also a decade-long negotiation: nothing prevents the two countries from striking a new deal earlier, or conversely scrapping it with six months’ notice. In bargaining, Canada should concede where our own policies make us poorer, and hold the line only where it makes us richer.
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