08:32:03 EDT Fri 03 Jul 2026
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Honda CDR (CAD Hedged)
Symbol HNDA
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Close 2026-07-02 C$ 10.54
Market Cap C$ 737,800
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Globe says Ford, rivals hear USMCA now in limbo

2026-07-03 07:07 ET - In the News

See In the News (C-F) Ford CDR (CAD Hedged)

The Globe and Mail reports in its Friday, July 3, edition that a group of Canadian trade and foreign policy experts warns that the United States-Mexico-Canada Agreement risks becoming a "zombie" deal after President Donald Trump chose not to renew it on July 1. The Globe's Steven Chase writes that they note that the trilateral trade agreement is now in limbo -- neither extended nor terminated and lacking a clear resolution. The expert group on Canada-U.S. relations advises Canada not to rush into a deal out of fear of prolonged uncertainty, saying that speed doesn't ensure stability. The July 3 report, titled Beyond Renewal, highlights that Mr. Trump often views agreements as starting points for further demands. Canada should maintain tariff-free access for a wide range of products, secure rollbacks in U.S. tariffs on steel, aluminum and autos, and preserve a strong dispute settlement mechanism to protect against arbitrary actions by Washington. The report said: "Canada's most prudent course is to keep negotiating in good faith where our efforts are reciprocated, while refusing to be rushed into a bad deal. Its posture should be firm but constructive." It said any renewed USMCA "needs enforceable terms."

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