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U.S. and Canada Set Washington Trade Talks as USMCA Review Nears

Canadian officials describe cordial talks despite U.S. demands for higher tariffs to reshore industry.

Overview

  • Canada’s Dominic LeBlanc says he will meet U.S. Trade Representative Jamieson Greer late next week in Washington to discuss the mandatory USMCA review.
  • Greer says any agreement with Canada must include higher or “protective” tariffs and stricter rules to increase U.S. content, warning against Canada serving as a back door for Chinese goods.
  • The pact faces a July 1 review deadline that could lead to renewal, a shift to annual reviews, or withdrawal with notice, and it continues if no consensus is reached.
  • The White House’s new 10% global tariff exempts USMCA-compliant goods, though sector-specific U.S. duties still weigh on Canadian steel, aluminum and autos.
  • LeBlanc notes uncertainty around the review is chilling investment in Canada and says private government-to-government talks have been business-like and even very friendly.