Prime Minister Mark Carney has consistently argued that Canada currently has the best trade deal with the United States, with roughly 90% of Canada-U.S. trade shielded from President Donald Trump’s tariffs thanks to the Canada-United-States-Mexico Free Trade Agreement (CUSMA).
He’s not wrong that the CUSMA has shielded Canada from the brunt of Trump’s tariffs. In fact, Canada would be in a deep recession today if such a large portion of cross-border trade weren’t protected by the CUSMA.
