Quantcast

U.S. Trade Representative Jamieson Greer Discusses USMCA Review and Two Different “Protocols”

During an appearance at the Hudson Institute, U.S. Trade Representative Jamieson Greer is asked to summarize the administration’s approach to upcoming USMCA (CUSMA) renegotiations.

USTR Greer emphasized the focus is on outcomes in review of the USMCA, not focusing on the previous trade structure itself. The results carry more weight than reviewing what was intended.  On June 1st Greer anticipates telling congress that the U.S. intends withdrawal, pending unilateral negotiations with both Canada and Mexico to resolve conflict.

Greer describes two different protocols within any negotiation to deal with the structural differences between both Canada and Mexico.  Those differences include a completely different import/export profile with each country, different sectors of goods, difference in the wage rates within each country and a structural difference in the way each country is establishing their own, independent free trade agreements with other third-party countries.  These baselines form the reason to tell congress of the dissolution, and on July 1st inform both Canada and Mexico about it.

In the interim, the points of conflict are currently being negotiated with Mexico toward resolution.  The same negotiation is expected later between the U.S. and Canada; however, it sounds like that engagement will take place after congress is informed of the points of conflict.  WATCH (prompted):

.

(more…)

Exceptional Sky News Global Energy Report Highlights Dependency Risk for Entire British Commonwealth

You would have to read dozens of energy industry reports to get the information provided here in this exceptionally well-done news segment.

Sky News economics and data editor Ed Conway presents a fantastic look at how the issue with the Strait of Hormuz has impacted the global distribution of energy, oil, LNG and Kerosene (jet fuel), with particular emphasis on the vulnerabilities of the “modern industrialized western nations.”

Conway never points the finger to the “net zero” carbon goals of Europe, the U.K and Australia. However, he shows the outcome of their dependence on production and refining by other non-participating nations. The timelines clearly show, as the Green Energy policies were pushed the vulnerability inherent within any supply shock begins to get worse. This is a very well-presented data-driven analysis that is worth watching.

The last two-minutes also shred the claims by EU and British leadership, and highlights how Europe and the U.K are now dependent on the United States to meet their energy needs. WATCH:

.

(more…)

Air Canada CEO Resigns After Backlash for Not Offering Condolences in French

This story is absurd, but also typically Canadian because there’s a background of duplicity at work.

The topline story is that Air Canada CEO Michael Rousseau is resigning from his office following backlash in Quebec after he released a statement of condolence in the English language.  The Quebec legislature and Prime Minister Mark Carney both demanded his resignation because they were offended that Rousseau did not speak French.

Air Canada was involved in a horrific crash at New York’s La Guardia airport.  While the airline was not at fault, the CEO released a public message of condolence for the pilots who were killed and the passengers who were injured.  The message was delivered in English.  That’s the substantive reasoning given for the Canadian outrage.

(VIA NBC) – Air Canada announced Monday its CEO will retire later this year, after Michael Rousseau was criticized for his English-only message of condolence following this month’s deadly crash in New York.

Canada’s largest airline, based in French-speaking Quebec, said Rousseau told the board he will leave by the end of the third quarter.

(more…)

Chinese EV Manufacturers BYD and Gely Accelerate Plans for Canadian Dealerships

Put this in the USMCA (CUSMA) elimination/negotiation file.  Europe has already been the visible example of what happens when you open your market to low price Chinese EVs.

With the recent agreement by Canadian Prime Minister Mark Carney, Chinese auto manufacturers are now rushing to establish the dealerships, before the Beijing-Canada deal becomes an issue in the USMCA negotiation.

China is NOT going into Canada because they foresee a great market of Snow Mexicans purchasing their low price EVs.  They are going into Canada as a proactive measure to establish a North American footprint with an eye toward the USA.

(VIA MSM) – BYD and Chery are accelerating plans to establish a dealership network in Canada after the country introduced a quota allowing tens of thousands of Chinese-made EVs to enter at reduced tariffs. The rollout will begin in Toronto before expanding to other major cities, with BYD targeting about 20 dealerships in its first year. This marks a significant new front in North American EV competition, as Chinese automakers seek growth outside the U.S., where prohibitive tariffs keep them out.

(more…)

USDA Rural Announces a $115+ Million Investment to Expand USA Sawmills and Timber Development

This is one of those small stories that carries the potential for significant domestic economic gains.

As many are aware, the U.S. imports a lot of softwood lumber from Canada. Combined with the energy products the lumber sector represents the top two U.S. imports from Canada.  With Venezuela now potentially positioned to replace the former, USDA Rural Development now stimulates domestic lumber development potentially positioned to replace the latter.

Taken as a whole, these two approaches significantly weaken the Canadian leverage that could be deployed in a Free Trade Agreement negotiation.  Assuming, of course, the USMCA is dissolved in favor of two bilateral FTAs.

USDA Press Release – At the Advanced Bioeconomy Leadership Conference today, U.S. Department of Agriculture Administrator for the Rural Business and Cooperative Service J.R. Claeys announced the U.S. Department of Agriculture is guaranteeing $115.2 million across eight states through the Timber Production Expansion Guaranteed Loan Program (TPEP) to ensure sawmills and other wood processing facilities have the necessary funding to establish, reopen, expand, or improve their operations.

Today’s announcement includes recipients in the states of California, Idaho, Kansas, Louisiana, Maine, Oklahoma, Virginia, and Wisconsin.

These investments represent a commitment by the Trump Administration to expand American timber production by 25%, reduce wildfire risk, and save American lives and communities by strengthening domestic wood processing capacity.

(more…)

Canadian Prime Minister Boasts About Blocking 10,000 IRGC Members from Entering Country

In the midst of the two pontificating princesses of Parliament verbally slapping each other with cashmere sweaters, Prime Minister Mark Carney made a rather remarkable statement.

According to the Canadian Prime Minister, he has blocked ten thousand IRGC members from entering Canada {at 1:00 minute of video below}. Now, why would 10,000 Iranian Revolutionary Guards think it was a solid option to exit the conflict for safety in Canada? WATCH:

.

(more…)

Iranian Regime Clerics Flee to Safe Harbor of Canada?

This is quite a remarkable development.  Someone in the Toronto airport captured video of Iranian Cleric Hojjatoleslam Morteza Tayebi arriving in Canada yesterday [Video Here].  As the story is told, apparently 700+ members of the Iranian Revolutionary Guard Corps (IRGC), who carry out regime terrorism, reside or have dual citizenship in Canada. [HERE]

“The individual observed in the Pearson Toronto Airport videos, carrying a suitcase while dressed in clerical attire, is Hojatoleslam Morteza Taieb.  According to some reports, he holds residency or citizenship in Canada and travels between Iran and this country.” {Source}

Canadian Member of Parliament Melissa Lantsman has been trying to draw attention to the issue for several years, claiming the IRGC is carrying out domestic terrorism in Canada while supporting the activity of the Iranian government.

Melissa Lantsman, “the government knows there are IRGC agents here in Canada. They know these terrorists perpetuate violence, terrify our citizens, and do the work of the mullahs in our own streets. But the government lets them stay in Canada.  Why?

Great question. Additionally, if Iranian Mullahs and Clerics are part of a fanatical war against the U.S. then wouldn’t their ability to seek safe harbor in Canada represent a threat to the United States?

That said, the IRGC members living in Canada in combination with dual citizenship for Mullahs and Clerics certainly explains the soft response from Prime Minister Mark Carney.

(more…)

Democrat Senator Ruben Gallego Urges President Trump to Renegotiate USMCA

It is transparently obvious now that Canada is going to rely on UniParty (Corporate) opposition to President Trump in the dissolution of the USMCA (CUSMA) in favor of two distinctly different bilateral trade agreements; one with Canada and one with Mexico.

A bilateral trade negotiation between the United States and Canada would be devastating to the interests of the Canadian government.  Particularly after the Venezuela operation and new strategic relationship with the United States, Canada has almost zero points of leverage to negotiate anything similar to their current exploitative trade position.

Canada is going to rely on congress to stop Trump from forcing reciprocity in the bilateral discussions. However, as a positive indicator that President Trump will factually have congressional support for the elimination of the USMCA, Democrat Senator Ruben Gallego has written a letter to President Trump requesting a comprehensive review. [LETTER HERE]

[SOURCE]

This is a key Senate democrat who notes the problem.  One of Gallego’s top points of concern is the loophole that Canada uses to assemble Chinese component parts into finished goods for tariff free distribution into the United States.

Ever since President Trump won the 2024 election, Mexico has been taking proactive independent action to block Chinese component goods. But Canada has done the opposite and begun to enhance their trade relationship with China to take even more Chinese component and finished goods.

Gallego writes to U.S. Trade Representative Jamieson Greer from the position of wanting to increase wages and enhance jobs in both Mexico and the USA, growing both economies. However, Gallego’s advocacy simultaneously bolsters why the USMCA should be dissolved and also puts Canada at a distinct disadvantage.

(more…)

Mexico and USA Begin Bilateral Preparations to Dissolve USMCA Without Canada

One of the most curious aspects to the predictable USMCA review, ie. dissolution, has been the incapacity of the Canadian government or trade delegation to accept the United States is going to create two distinctly different bilateral trade agreements and eliminate the trilateral USMCA.

For 16 months the Canadians have refused to fathom the reality of what is going to happen this year.

The Canadians just cannot believe it is possible they will be forced to negotiate a free trade agreement without the cover of a multilateral construct. It has been remarkable to watch their dissonance.

Last week President Donald Trump and Mexican President Claudia Sheinbaum held a phone call. At the conclusion of the call, Sheinbaum publicly asserted the reality the Canadians just refuse to accept.

MEXICO – Mexico’s President Claudia Sheinbaum told reporters during her morning news briefing on Wednesday that her U.S. counterpart, Donald Trump, is open to doing away with the U.S.-Mexico-Canada trade agreement (USMCA) and replace it with individual trade deals with each country.

[…] “There might be revisions that create bilateral deals instead of involving the three countries because some things are more important between Mexico and the United Sates or between Canada and the United States,” said Sheinbaum. “Not everything has to be trilateral.”

Mexico’s president said the subject was brought up by Trump during a Tuesday phone conversation. […] According to Sheinbaum, her country is ready to consider possible changes. (read more)

Canadian Prime Minister Mark Carney finally started to realize President Trump was likely to ignore Canada and begin direct discussions with Sheinbaum. So, Carney went to Mexico to try and get assurances from Sheinbaum that Mexico would not proceed without Canadian interests in mind.

(more…)

Joyful Video of President Trump Inviting USA Gold Medal Hockey Teams to State of Union Address

The video of President Trump’s locker room phone call with the USA men’s hockey team is pure American.  The joy and spirit of the moment captured in the voice of President Trump and the cheerful celebration of the world’s greatest hockey team.  Lots of good stuff.

FBI Director Kash Patel was in the locker room holding the phone.

.

(more…)