After Trump threatens new tariffs on Canada, officials agree to renegotiate USMCA

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Wed, March 12, 2025

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After Trump threatens new tariffs on Canada, officials agree to renegotiate USMCA

^{Published on 2025-03-11 15:40:55 - CNN}

After back-and-forth tariff threats that sent markets sharply lower Tuesday, the US commerce secretary and the premier of Ontario said they would meet Thursday to renegotiate the free trade treaty known as the USMCA.

The article discusses former President Donald Trump's threat to impose new tariffs on Canada, which has led to an agreement between U.S. and Canadian officials to renegotiate the United States-Mexico-Canada Agreement (USMCA). This renegotiation comes in response to Trump's dissatisfaction with the current trade terms, particularly concerning dairy products and the auto industry. The USMCA, which replaced NAFTA, has been a point of contention since its inception, with Trump arguing that it does not sufficiently benefit the U.S. The talks aim to address these issues, potentially altering trade relations and economic policies between the two nations. This development reflects ongoing tensions and the dynamic nature of international trade agreements under the influence of U.S. political leadership.

Read the Full CNN Article at:
[ https://www.msn.com/en-us/news/politics/after-trump-threatens-new-tariffs-on-canada-officials-agree-to-renegotiate-usmca/ar-AA1AH4EM ]

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