Hub Podcasts CUSMA renegotiations start: What does Trump want?
Sep 17, 2025
The launch of USMCA consultations sparks crucial discussions about potential negotiations. U.S. Ambassador Pete Hoekstra reveals a once-possible 'grand bargain' that didn't materialize. The hosts delve into the implications of U.S. grievances and how auto-sector proposals could threaten Canadian production. Listeners are left pondering whether Canada missed a substantial opportunity for a bilateral deal. The stakes are high for key industries as the renegotiation unfolds.
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USMCA Consultations Kick Off
- The US launched formal USMCA consultations, starting a renegotiation process that runs through mid-2026 review timelines.
- Sean Speer warns Canada faces a consequential 6–12 month window to secure future U.S. market access.
Grand Bargain Talks Collapsed
- Pete Hoekstra revealed a broader economic-and-security 'grand bargain' was discussed but collapsed, leaving unanswered trade-offs.
- Sean Speer criticizes the lack of public scrutiny about how and why those talks broke down.
High Stakes Of A Missed Comprehensive Deal
- A possible grand bargain likely required deep concessions like opening supply management and banking to U.S. firms.
- Sean Speer expects U.S. demands will reappear as a list of grievances during renegotiation, forcing Canadian trade-offs.