Trumps trade war blows a complete hole in CUSMA, architects say – National [Video]

The Canadian and Mexican architects of the Canada-U.S.-Mexico Agreement say Donald Trump’s trade war has crossed a line that essentially wipes out the continental trade pact, as experts suggest the president’s actions are meant to rattle America’s closest neighbours ahead of a mandatory review.

Canada’s chief negotiator, Steve Verheul, and Mexico’s chief negotiator, Ken Smith Ramos, said the devastating duties essentially suspend the Canada-U.S.-Mexico Agreement.

“With 25 per cent tariffs, it blows a complete hole in the trade agreement,” Verheul said Wednesday.

“It makes it virtually worthless to us. In fact, it leaves Canada and Mexico in a far worse position than any other country in the world practically.”

Trump followed through Tuesday on his threat to impose sweeping economy-wide tariffs on Canada and Mexico, with a lower 10 per cent levy on Canadian energy.

Ottawa responded with retaliatory tariffs on $30 billion in American goods the same day. Another $125 billion in Canadian …