Freeland should stop calling CUSMA a victory, it is a defeat
CUSMA is just one part of a beggar-thy-neighbour U.S. strategy to reverse globalization and establish a Fortress North America economy. It reinforces U.S. power at the expense of Canada, with the risk that it could become a currency bloc as well, with further losses of policy independence.
TORONTO—What’s perhaps most telling about the Canada-U.S.-Mexico Agreement (CUSMA) is that, unlike the North American Free Trade Agreement, it does not even use the words “free trade." It is just an agreement—and, in particular, it’s an agreement for managed trade and protectionism, not an...
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