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Exactly one month from now, Canada’s trading relationship with the United States could blow up. By July 1, representatives of Canada, the United States and Mexico need to meet and decide whether to agree to another 16 years of CUSMA, agree to annual reviews, or see one or more parties withdraw with six months’ notice.

LILLEY: One month until CUSMA could blow up if USA walks away Back to video

Most media outlets won’t tell you these details; they will tell you this is a technical review – much like we are in a technical recession – but it is much more than that.

On July 1, we could actually be told that the United States is walking away from CUSMA, and if they do that, it would take effect by the end of this year. At this point, the best-case scenario is that the Americans will opt for an annual review of the CUSMA deal, which would only lead to greater and ongoing certainty.

The........

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