Last week the U.S. Treasury Secretary Scott Bessent issued a very public warning to Prime Minister Mark Carney. At the centre of that warning is the USMCA trade deal, which kept Trump’s tariffs from unleashing even deeper damage to the Canadian economy.

A mandatory review of the US-Mexico-Canada pact is kicking-off now. It has turned into a high stakes negotiation, with the U.S. poised to squeeze Canada and Mexico and to use the negotiation itself as leverage to advance the administration’s interests.

Today, trade expert Eric Miller is back to talk about where the trade talks are headed, what the Americans are hoping for, and what would happen if the deal got ripped up altogether.  Miller is the president of Rideau Potomac Strategy Group and a fellow at the Canadian Global Affairs Institute.

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