What Happened: Ottawa may delay the ratification of the United States-Mexico-Canada Agreement (USMCA) until Washington decides to lift tariffs on Canadian steel and aluminum, according to Transport Minister Marc Garneau, the CBC reported Feb. 21.
Why It Matters: Canadian Prime Minister Justin Trudeau has received domestic criticism for failing to convince the United States to lift steel and aluminum tariffs as part of the trade negotiations. As Canada gears up for elections in October, Ottawa may take an increasingly assertive stance on lifting the tariffs, which could further complicate the agreement's ratification.
Background: The United States, Canada and Mexico signed a new trade agreement to replace the North American Free Trade Agreement on Nov. 30, 2018. Trudeau cannot submit the deal for ratification in Canada's House of Commons until March 18.
- North America Has a New Trade Pact. Now What? (Nov. 30, 2018)
- A New Trade Deal Gets NAFTA Members Back Together (Oct. 1, 2018)
- U.S.: Trump Announces a Trade Deal, but With Whom? (Aug. 31, 2018)