Doubts about the agreement have risen as Canada’s auto sector struggles despite claims that sector would benefit from the NAFTA revision.
Justin Trudeau signed the revised NAFTA deal (AKA USMCA), as doubts about the deal continue to grow.
One of the key selling points of the agreement – which had been heavily hyped by Trudeau and the Liberal government – was that it would stem the flow of auto sector jobs leaving Canada and the US and heading to Mexico and China.
Unfortunately, that appears not to be happening.
General Motors recently announced that they are leaving Oshawa Ontario entirely, and are shutting down four plants in the United States.
However, their global restructuring didn’t include factory closures in Mexico or China. To many, it feels like a betrayal, and it has raised further doubts about the deal.
In addition to the auto sector, the tariffs on Canadian steel remain in place. The Trudeau government had been trying to push for those tariffs to be removed before signing the deal, but once again surrendered to the Trump Administration.
That’s been a repeated pattern from Trudeau, who talks tough against Trump but does everything possible to help the US at the expense of Canada, including his carbon tax which sends jobs and investment south, and his restrictions on the Canadian energy industry, which makes Canada beholden to the US market, and thus lets the US get tons of our oil at a devastating discount.
So, while Trudeau will try to spin the signing of the deal as ‘another win,’ the reality is that Canada keeps losing under Trudeau’s ‘leadership.’
Photo – YouTube