A new defense pact with South Korea is just one piece of a much bigger shift Canada is building options, reducing risk, and preparing for a world where relying on the United States is no longer safe.
These alliances and agreements are all good things but there is a fly in the ointment. South Korea and Germany have talked about auto assembly in Canada as a carrot leading to contract, but Japan pointed out that auto assembly in Canada for a foreign national only makes sense if CUSMA is in place.
Canada offers a workforce, stability and property with energy and waste management in place. However, these companies aren't going to build cars for the Canadian market. They want a safe place to build so they can sell cars into the U.S. marketplace TARIFF FREE. Otherwise, no deal.
the U.S. is already on record as saying tariffs will be part of any trade agreement. That may depend on whether or not the tariffs are legal, whether the House renews the tariffs every 150 days, who wins the House in the midterms if there are midterms and a number of other variables I've not thought of.
This is suddenly not a safe haven to build AND SELL cars, The intended market has too many variables. It's a long time before shovels are in the ground, and maybe the U.S. sorts itself out eventually. In the meantime Canada keeps making every trade agreement possible to prepare for the worst with the U.S. but also to grow as an independent country.
This is not a doom and gloom diatribe, just a "heads up" so people are aware.
Here in the US, the regime has already made people poorer, from the idiotic tariffs that make things more expensive, and the big billionaire bill that took money away from government services for working folks to hand tax breaks to the rich parasites in the 1%. So... we may not even be able to afford those Canadian-made cars even with CUSMA. Love Canada, Canadians and Mark Carney! I'm so happy to see you broadening your alliances beyond the crack house downstairs!
These alliances and agreements are all good things but there is a fly in the ointment. South Korea and Germany have talked about auto assembly in Canada as a carrot leading to contract, but Japan pointed out that auto assembly in Canada for a foreign national only makes sense if CUSMA is in place.
Canada offers a workforce, stability and property with energy and waste management in place. However, these companies aren't going to build cars for the Canadian market. They want a safe place to build so they can sell cars into the U.S. marketplace TARIFF FREE. Otherwise, no deal.
the U.S. is already on record as saying tariffs will be part of any trade agreement. That may depend on whether or not the tariffs are legal, whether the House renews the tariffs every 150 days, who wins the House in the midterms if there are midterms and a number of other variables I've not thought of.
This is suddenly not a safe haven to build AND SELL cars, The intended market has too many variables. It's a long time before shovels are in the ground, and maybe the U.S. sorts itself out eventually. In the meantime Canada keeps making every trade agreement possible to prepare for the worst with the U.S. but also to grow as an independent country.
This is not a doom and gloom diatribe, just a "heads up" so people are aware.
Here in the US, the regime has already made people poorer, from the idiotic tariffs that make things more expensive, and the big billionaire bill that took money away from government services for working folks to hand tax breaks to the rich parasites in the 1%. So... we may not even be able to afford those Canadian-made cars even with CUSMA. Love Canada, Canadians and Mark Carney! I'm so happy to see you broadening your alliances beyond the crack house downstairs!