To listen to most of the media, nothing was ever going to change on July 1, 2026 when it came to CUSMA. The talking heads on TV have spent months trying to convince you that this date didn’t matter.
I tend to read source documents - the treaties, the trade agreements, the Supreme Court rulings - that we all rely on. These documents are instructive and tell you what is really happening.
Too many of my colleagues can’t be bothered.
So for months, I’ve been telling you that there were three options on the table.
All parties agree to extend this for another 16 years
One or more parties gives six months’ notice that they are withdrawing from the deal, effectively cancelling it
We continue the deal for the remaining 10 years and the deal is subject to annual reviews
Now, to be clear, any party could give six months notice to leave at any time, it’s not isolated to this time. In theory, we could also have a future American government look to extend the agreement.
That’s not where we are now, and as I explain in the video, it’s not where we are likely to be with most of the candidates for the Republicans or the Democrats. The idea that everything will just magically go back to the old normal after Trump leaves office is foolishness.
Anyway, watch the video as I explain why so many others in the media have it so wrong on this front.
