No ‘down payment’ on USMCA. Here’s what to offer instead
Canada is facing pressure from the U.S. regarding the renewal of the United States-Mexico-Canada Agreement (USMCA). A proposed strategy suggests that Canada should present a clear vision rather than make upfront concessions. This approach aims to strengthen Canada's economic position while addressing U.S. trade concerns.
- ▪The U.S. has indicated it wants a 'down payment' from Canada to begin USMCA renewal talks.
- ▪Canada is advised to propose a framework that emphasizes balanced trade, including services and energy.
- ▪Strengthening the Canadian economy could improve the U.S. trade balance with Canada.
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Open this photo in gallery:U.S. President Donald Trump welcomes Prime Minister Mark Carney at the White House in October, 2025.Evelyn Hockstein/ReutersShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountDaniel Schwanen is senior vice-president of the C.D. Howe Institute.A report that Washington wanted a “down payment” from Canada just to begin talks on extending the United States-Mexico-Canada Agreement (USMCA) provoked a wide Canadian consensus that we should refuse to pay for the “privilege” of sitting at the table. That instinct is right. But refusal is not a strategy. If Canada wants to protect its interests, it needs to show up with a clear plan.
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