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'Worthless' Free Trade Agreements
"Why should we feel constrained by a free trade agreement?"
Noakes, Taylor C. http://www.readthemaple.com/time-to-think-beyond-worthless-free-trade-agreements-economists/
Publisher: The Maple
Date Written: 20/02/2025
Year Published: 2025
Resource Type: Article
Threats of annexation and a looming trade war with the United States has prompted Canadians to critically examine longstanding free trade agreements with the Americans. Regardless of whether or not U.S. President Donald Trump makes good on his tariff threats, it is likely that the economic and political relationship has been irrevocably harmed.
Abstract:
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Excerpt:
Canadian politicians have by and large proceeded cautiously, advocating buy-Canadian campaigns and counter-tariffs.
But a frank discussion about the future of Canada's current free trade agreement with the U.S. — the Canada-United States-Mexico Agreement (CUSMA) — has not yet materialized.
CUSMA took effect in 2020, and replaced the North American Free Trade Agreement (NAFTA) that was implemented in 1994. NAFTA, in turn, had replaced the 1988 Canada–United States Free Trade Agreement (CUSFTA).
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