In an effort to strengthen trade relations between the United States and Canada, both countries agreed to meet to discuss a possible renewal of the United States-Mexico-Canada Agreement (USMCA). This agreement follows a call between US Secretary of Commerce Howard Lutnick and Ontario Premier Doug Ford.
The meeting, scheduled for March 13 in Washington, seeks to address key issues ahead of the April 2 deadline, when reciprocal tariffs could be applied.
The meeting between Howard Lutnick and Doug Ford is primarily intended to "discuss a renewed USMCA," as the Ontario Premier announced on his Twitter account. This dialogue comes in response to the suspension of a 25% tariff that Ontario applied to electricity exports to states such as Michigan, New York, and Minnesota.
The renewal of this agreement would be important to maintain trade stability between the three countries, especially in key sectors such as energy, manufacturing, and agriculture. It also seeks to resolve outstanding disputes and adapt to global economic changes.