Why Trump wants to rip up his own trade deal
Summary
This episode examines the upcoming July 1 review of the USMCA, questioning why President Trump now favors terminating the deal he championed. Experts explain that the US may use the review as leverage to extract better terms from Canada and Mexico, creating a high-stakes negotiation. The discussion highlights the risks of a zero-sum approach, where demands for more American-made parts could raise costs and harm North American competitiveness.
Topics discussed
Introduction: Trump's shifting stance on the USMCA
From NAFTA to USMCA: History and the sunset clause
Three options for the USMCA review explained
Canada's strategy and US leverage tactics
Mexico's perspective and the zero-sum trade debate
Potential lose-lose outcomes and White House response
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