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NAFTA Renegotiation: Canada Can Safely Walk Away From an Unfair Deal

Posted May 11, 2017

Under Economic Issues, International Trade Issues

(Scott Sinclair via Toronto Star)

The Trump administration is not making it easy to predict what a NAFTA renegotiation will look like for Canada.

On the one hand are demands from the U.S. president for a “fair” new framework for North American trade that puts American workers first. On the other are suggestions from Trump’s commerce secretary, Wilbur Ross, that the significant concessions Canada and Mexico made in the defunct Trans-Pacific Partnership — a decidedly unfair deal — are an obvious starting point for NAFTA 2.0.

While this is a difficult situation, Canada is not defenceless. In fact, Canada should call Trump’s bluff by championing a fairer distribution of the benefits of trade — presumably the idea behind the Trudeau government’s ambitions to usher in a new generation of “progressive trade” agreements. Click here to read more.