Trade Relations & Tariffs - President Trump and Canadian Prime Minister are expected to discuss tariffs, following a 35% tariff imposed on Canadian goods [1] - The imposition of tariffs potentially violates the Canada US Mexico agreement (CUSMA), previously touted as a beneficial deal [2] - The US seeks to renegotiate existing trade deals, believing current agreements disadvantage Americans [3] - Canada possesses a slight trade advantage due to energy exports, crucial for US energy independence [4] Economic Performance & Growth - Canada's per capita economic growth has significantly lagged behind other developed nations over the past 10 years, with only 05% GDP growth compared to the US's 201% [6] - The Canadian government's lack of attention to the economy and insufficient investment are contributing factors to the slow growth [7] - The new Canadian Prime Minister aims to boost the economy through infrastructure development, trade diversification, and reduction of interprovincial trade barriers [8] Future Trade Agreement - The anticipated deal is expected to be an incremental revision of the existing agreement negotiated four years prior [10] - Potential adjustments include Canada removing the digital services tax and modifications to supply management, possibly increasing the US dairy quota [11] - Maintaining the integrated auto trade between Canada and the US is a key objective for all parties involved [12]
U.S.-Canada trade deal likely to be similar to what we already have, says Colin Robertson
CNBC Television·2025-08-05 11:48