It is very possible that Canada will have to consent to new concessions to achieve a trade agreement with the United States, says Pierre-Olivier Zappa.
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“There is a whole showdown that is playing at the moment, and it is allowed to believe that Canada should make other concessions,” said the journalist in an interview with the 6 p.m. bulletin on Monday.
Yesterday, the Carney government announced the cancellation of the digital services tax. This gesture aimed to bring Donald Trump back to the negotiation table, he who said last Friday that he suspended the talks as long as this tax remained in force.
This episode may well give an overview of the turn that the negotiations will take in the coming weeks.
“We made a concession and we are in the midst of a negotiation. What is coming? Are we going to make concessions with lumber? ” asked Mr. Zappa. “We know that there are already surcharge.”
In addition to lumber, aluminum exported to the United States is also targeted by customs tariffs imposed by the Trump administration. The management of the offer on Canadian dairy products could also be in the sights of the American president.
“When we talk about supply management, could it be sacrificed, even if the Bloc Québécois managed to bury it in a law to protect the Canadian dairy sector? wonders the journalist. You know, steel and aluminum, we have talked about it a lot. There is a surcharge of 50 %. Will she be down? “
In any case, the resumption of negotiations had a positive effect on the stock markets, which continued to progress today.
“As if there was no more trade war,” says Zappa. When we look at the clues, as much in New York to Toronto, the trade war, it’s been a long time since it’s over. In fact, the S&P 500, the index that brings together more than 500 companies in importance in the United States, has switched a record. ”
See the segment with Pierre-Olivier Zappa in the video above.
