Chrystia Freeland has presented the initial procedural process for the Canadian Parliament to take up a bill to pass the USMCA. However, the Canadian window is short, if they don’t ratify the trade pact by the end of June, the Canadian parliament will go into legislative recess until after the general elections October 21st, 2019.
OTTAWA (Reuters) – Canada took a first step toward ratifying the new North American trade agreement on Monday just three days ahead of U.S. Vice President Mike Pence’s trip to Ottawa to discuss the passage of the treaty.
Foreign Minister Chrystia Freeland presented what is known as a “ways and means motion” to the House of Commons, which opens the way for the formal presentation of a bill.
The United States struck deals on May 17 to lift tariffs on steel and aluminum imports from Canada and Mexico, removing a major obstacle to legislative approval of the new U.S.-Mexico-Canada Agreement (USMCA), the trilateral trade deal to replace the 25-year-old North American Free Trade Agreement. (read more)
It will be interesting to watch what happens. Factually and ideologically, throughout the entire trade discussion, the Trudeau administration has put anti-Trump politics ahead of the Canadian economy. The economic stagnation in Canada is a direct result.
On-one-hand Princess Freeland and Prince Sparkle Socks need to get their economy back on track; however, that means proceeding with ratification of the USMCA which is against their ideological interests.
On-the-other-hand Freeland and Trudeau do not want to support President Trump in any manner or form. The hatred of Trump is palpable and visible. Their hatred of Trump, and public pronouncements therein, is also part of their re-election strategy. They want to run for re-election using the “orange-man-bad” resistance approach.
However, with the scale of investment withdrawal from Canada if they don’t ratify the USMCA Trudeau won’t have much of an economy left to manage…. And that becomes a problem for Justin/Freeland and their ideological best friend Nancy Pelosi.
After all the 2017 and 2018 shenanigans pulled by Freeland and Trudeau; and specifically after their G7 stunt last year; President Trump is essentially done with them – I doubt President Trump would even take a call from Justin from Canada. And forget about USTR Robert Lighthizer…. he’s a thousand times more angry than Trump.
The U.S. relationship with Canada is fundamentally fractured, destroyed, unrecoverable, so long as Trudeau/Freeland are present and pushing their elitist, globalist, multinational agenda. The relationship is so bad, if a hostile nation was to threaten Canada, it would take some convincing to get President Trump to express any intent to defend.
As a consequence, once Trump arrives back in DC (Tuesday night) Vice President Mike Pence will go to Canada on May 30th to act as an emissary.
Speaker Nancy Pelosi doesn’t want to give Trump a win. Trudeau and Freeland don’t want to give Trump a win. However, if Trudeau and Freeland don’t quickly ratify the USMCA they’re screwed come October (elections). As a result, ratification in Canada will put Pelosi in a pressured pickle…. and would likely lead to the U.S. House taking up similar ratification.
Amid all the chaos, there’s an apex predator guy who thrives in the fray. His world-leading economy is firing on twenty-trillion cylinders…. and he’s lining up tankers of boost.