Hub Podcasts Is free trade between Canada and the U.S. dead?
Jul 16, 2025
The podcast dives into the complexities of Canada-U.S. trade relations. Recent comments from Prime Minister Carney raise concerns about the feasibility of a tariff-free trade deal. The implications of trade negotiations, including the potential impact of new tariffs, are explored. The discussion highlights how evolving policies can affect Canadian businesses and competitiveness. Additionally, it touches on the credibility of U.S. international negotiations and how this may reshape Canada's trade strategy moving forward.
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End of Continental Free Trade
- The idea of continental free trade between Canada, the U.S., and Mexico is effectively dead.
- Ongoing tariffs are expected to be permanent, ending the era of borderless trade for almost 40 years.
Tariffs Reintroduce Politics to Industry
- Tariffs bring politics back into industrial decision-making in North America.
- Business choices on production locations will now consider tariff risks more than efficiency.
Tariffs Create Business Uncertainty
- Current U.S. tax cuts combined with tariffs reduce Canada's tax competitiveness.
- Uncertainty from tariffs negatively impacts Canadian business environment and decisions.