The meeting between Prime Minister Mark Carney and U.S. President Trump created optimism about trade negotiations. Despite Trumpâs initial doubts about the future necessity of the Canada-U.S.-Mexico Agreement (CUSMA), he also affirmed its effectiveness, suggesting renewed adherence may resolve ongoing trade disputes. Business leaders stress that compliance with CUSMA is crucial for enhancing trade relations. Notably, RBC Economics revealed that over 94% of Canadian exports to the U.S. could comply with CUSMA rules, indicating a pathway for smoother trade relations moving forward.
"I think the president has opened a wide open door and we need to drive through it," said Goldy Hyder, president of the Business Council of Canada.
"By our count, more than 94 percent of Canadian exports to the U.S. are likely compliant with CUSMA rules of origin," wrote RBC's deputy chief economist Nathan Janzen.
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