Trump claims CUSMA is 'irrelevant' to U.S.
Posted on: Apr 03, 2025 10:26 IST | Posted by: Cbc
U.S. Chairperson Donald ruff on tues said the Canada-U.S.-Mexico accord — the merchandise pact also known as CUSMA — is not relevant for the U.S., but Canada wants it, as he pushed for companies to bring manufacturing back to American soil.
"There's no real advantage to it — it's irrelevant," Trump said. "Canada would love it. Canada wants it. They need it."
The Detroit Three automakers are heavily reliant on supply chains that include significant parts production in Mexico and Canada, and all three produce hundreds of thousands of vehicles annually in both countries.
Major automakers last year urged the Trump administration to extend CUSMA, saying it is crucial to American auto production.
The American Automotive Policy Council, representing the Detroit Three automakers, said CUSMA "enables automakers operating in the U.S. To compete globally through regional integration, which delivers efficiency gains" and accounts "for tens of billions of dollars in annual savings."
"Our supply chains go all the way through all three countries. It's not simple. It's very complex," Mark Reuss, the president of General Motors, said at an event Tuesday. "The whole North American piece of that is a big strength."
Trump made the comments as he toured a Ford factory in Dearborn, Mich., ahead of a speech on the economy he is delivering in Detroit.
"The problem is we don't need their product. You know, we don't need cars made in Canada. We don't need cars made in Mexico. We want to take them here. And that's what's happening," Trump said.
Trump administration lays out demands to stay in CUSMA
In November, Stellantis said that under 15 per cent tariffs with Japan, U.S. Vehicles complying with North American content rules "will continue to lose market share to Asian imports, to the detriment of American automotive workers."
CUSMA is up for review this year to decide whether it will be left to expire or another deal will be worked out.
The trade pact, which replaced the North American Free Trade Agreement (NAFTA) and was negotiated during Trump's first term as president, requires the three countries to hold a joint review after six years.
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.