Alberta Premier Danielle Smith says Canada should be looking at bilateral trade agreements with the U.S. and with Mexico as all three countries prepare to review and potentially renegotiate the Canada-United States-Mexico Agreement in 2026.
“I think there’s always been an imbalance between these three partners,” Smith said on Rosemary Barton Live, which aired on Sunday. “Canada and the U.S. have always had more balanced trade.”
According to the United States Census Bureau, Canada had a trade surplus with the U.S. of about $64 billion US in 2023. That means the U.S. bought more of Canada’s goods than Canada imported from south of the border.
In comparison, Mexico had a trade surplus with the U.S. of about $152.5 billion in 2023.
Smith said that one thing Canada needs to understand about the incoming Trump administration is that “they really want us to buy as much stuff from them as they buy from us,” and if there’s a trade imbalance, …