Jamieson Greer

Canada declined to finalize the trade deal under the terms agreed earlier this week. Despite the US offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk backs of other commitments by Canada have upended the careful balance reached in the past days. In addition, Canada is continuing to maintain its prolonged retaliation against the US. …This week, the United States agreed to provide significant tariff reductions on steel, aluminum, autos, and lumber. The US offer was also forward looking, and included a historic economic and national security partnership to cooperate on export controls, combat transshipment, enhance digital trade, and align certain external tariffs. The offer would have led to supply chain coordination on aerospace, complementary actions to address unfair trade practices, critical minerals cooperation, increased enforcement against imports produced with forced labor. 

Additional coverage in:

• The NY Times: Trump’s Trade Representative Details Offer That Canada Rejected
• The Washington Post: Pence says US-Canada trade fight adds to affordability concerns