Canada Joins U.S. and Mexico for Trade Deal to Replace Nafta

The transcript discusses a trade deal that removes the threat of auto tariffs, benefiting Canadian exports and reducing macroeconomic risk. It highlights the importance of the deal for both Canada and the US, noting that Canada is a major buyer of US goods. While the deal is seen as a win for Canada, especially for Prime Minister Justin Trudeau, there are still details to be clarified, such as tariffs on steel and aluminum. The deal must also pass through Congress, which presents a significant hurdle. Concessions were made by Canada on dairy and intellectual property, but avoiding the collapse of the deal is viewed as a political and economic success for Trudeau.

What concessions did Canada make in the trade deal?

What is the political significance of avoiding the collapse of the trade deal for Prime Minister Justin Trudeau?