Canada finance minister: Early review of USMCA not on Canada’s agenda

A statement yesterday from Ontario Premier Doug Ford talked about an early review of the USMCA trade deal but today the finance minister said that won’t be on the agenda for Thursday’s meeting with the US Commerce Secretary.

Canada’s finance minister said the main point of the agenda is to get relief from US tariffs.

There are also comments crossing from the USTR about Europe:

• EU has rejected US efforts to deal with global excess steel capacity
• EU retaliatory tariffs indicate EU trade policies are ‘out of step with reality
• Retaliatory tariffs completely disregard US national security imperatives

At least they’re not threatening further escalation.

This article was written by Adam Button at www.forexlive.com.