"America's unstable economy makes their hand in CUSMA negotiations weaker than it appears. Canadian negotiators should be prepared to walk away rather than accept a future of economic subordination to the US."
"The CBO warns that America's ability to meet the interest payments on its ever-growing debt is becoming unsustainable. A nation's ability to service its debt is a function of whether its rate of economic growth is greater than the rate of the interest costs."
"CUSMA governs a trading relationship worth more than $1.8 trillion annually and underpins deeply integrated North American supply chains spanning energy, agriculture, manufacturing, and the auto sector."
Canada's approach to CUSMA negotiations should shift, recognizing the U.S. economy's instability. The U.S. demands are increasingly one-sided, and Canada must not concede access to its market lightly. The Congressional Budget Office warns of America's unsustainable debt, suggesting that Canada should be prepared to reject terms that lead to economic subordination. The stakes are high, as CUSMA governs a $1.8 trillion trading relationship critical to North American supply chains.
Read at The Walrus
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