An interesting article in Japan Times reinforces several insider trade discussions that have been taking place over the past eighteen months. Essentially, all trade deals with Canada are contingent upon their access to the USA market. Lose the USMCA trade deal, and any trade terms between Asian and Canadian counterparts are null and void.
This is not the first time this background from key trade nations has been shared with Canada. Japan told Canada last year that most sector trade, specifically the auto industry, was contingent upon tariff-free access to the U.S. market. If Canada loses the USMCA, the terms of trade change completely.
This reality is now surfacing in comments directly from the Canadian trade teams and business insiders within Canada. They are now admitting without the USMCA their leverage for trade with other countries disappears. This is a considerable admission from within Canada government that has not yet become part of the average Canadian understanding.
If Canada loses their trade agreement with the USA, all other countries will modify their trade agreements with Canada. Think about the leverage within that reality, overlay the Canadian government’s severe anti-Trump mindset, and you quickly realize just how dangerous Mark Carney is for Canada.
CANADA: Asian Trade Officials Remind Canada that All Deals are Contingent on Access to USA Market
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