International political discourse in 2025 has been haunted by the spectre of Donald Trump and his brute force reshaping of global trade relationships to the (perceived) advantage of the US. Canadians have been consumed by the question of when a deal might be struck to end Trump’s egregious tariffs, real and threatened, and what that deal might cost us. …While countries that have struck deals with Trump have largely focused on transactional arrangements that accept a lower tariff, Canada has gone the other direction by seeking to roll security into a broader deal that may prove expensive but without guarantees of market access. …Prime Minister Carney does not appear to be rushing the US negotiations, but the Canadian government response so far leaves much to be desired. …The CUSMA also is up for renegotiation in 2026. …Prime Minister Carney has kept his strategy cloaked from the public.