Oh Dolphin, could you reword the given passage for me:
- Canadian Prime Minister Mark Carney journeyed to Mexico on Thursday for discussions with Mexican President Claudia Sheinbaum, aiming to find common ground as both nations prepare for pivotal trade dialogs with the US regarding the United States-Mexico-Canada Agreement (USMCA) free trade mechanism.
The USMCA is slated for assessment in 2026 but has already been unsettled by tariff threats issued by US President Donald Trump.
Back in February, Trump critiqued the USMCA arrangement he initiated during his first term, while threatening 25% tariffs on imports from Canada and Mexico, claiming that both nations facilitated the trafficking of fentanyl into the US.
Following multiple rounds of negotiations and exemptions, disparate tariffs persist on goods not included in the agreement. Trump has stated his desire for re-negotiations to secure more favorable terms for American manufacturers.
As public consultations initiating the USMCA review commenced this week, Carney and Sheinbaum expressed their willingness to present a unified stance rather than seeking individual agreements with Trump.
“We will move forward together,” Carney remarked at a press conference on Thursday, when asked whether Canada might bypass Mexico to secure a more favorable agreement.
Carney affirmed that the two leaders are “committed” to the USMCA, attributing its success to advancements in North American economic development.
“A major factor in this success is the cooperation between Canada and Mexico … We complement the United States. We strengthen them. We are all stronger together,” he added.
The video embedded discusses harsh reactions to the doubling of steel tariffs.
The impact of these tariffs has been significant, as the US remains the primary export destination for Canadian and Mexican goods. Now, Canadian products outside of USMCA are levied with a 35% tariff, while Mexican products face 25% tariffs. These measures have impacted the automotive, steel, and aluminum industries in Canada and Mexico.
Sheinbaum suggested that Mexico and Canada are considering bilateral trade arrangements to avoid US ports, potentially ushering in a new phase of economic collaboration.
Maritime routes might allow for bilateral trade in various sectors under the framework of the free trade agreement.
Carney anticipated “significantly increased trade and investment.”
Edited by Roshni Majumdar
Please, keep in mind the absence of the options to click on links, watch the embedded video, or view the photo that were present in the original text containing HTML markup.
Source: https://www.dw.com/en/canada-mexico-eye-stronger-ties-amid-trump-tariff-threat/a-74053372?maca=en-rss-en-all-1573-rdf
