The Canada-U.S. free trade agreement signed in 1988 by President Reagan and Prime Minister Mulroney significantly altered trade dynamics, leading to increased American economic influence in Canada. While the deal faced skepticism in Canada, Mulroney's victory in the subsequent election seemed to validate its acceptance. Fast forward to today, President Trump's rhetoric about making Canada a U.S. territory has reignited concerns about sovereignty. Despite the historical underpinnings, Canada's economy is now more intertwined with the U.S., as evidenced by the increase in trade reliance, raising fears of economic vulnerability should tariffs be enforced.
The free trade deal signed by Reagan and Mulroney in 1988 has left Canada increasingly dependent on the U.S. market, complicating its position under Trump.
In 1988, Mulroney faced accusations of compromising Canadian independence but won the election as trade with the U.S. surged to two-thirds of Canada’s economy.
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