The post USMCA review likely to be contentious after new U.S. threats to Canada appeared on BitcoinEthereumNews.com.

The USMCA review is already heating up, and President Donald Trump just threw more fuel on it. On Saturday, he threatened Canada with 100% tariffs if Prime Minister Mark Carney goes ahead with a trade deal with China. Trump said Carney would be “sorely mistaken” to think the U.S. will let Canada turn into a dumping ground for Chinese products. Carney’s deal with Chinese President Xi Jinping was announced on January 16. It allows up to 49,000 electric vehicles from China to enter Canada each year, which is under 3% of the Canadian new vehicle market. In return, Canada gets lower tariffs on its food exports to China. Trump didn’t like it. At first, he said it was fine, but now he’s warning Canada it could cost them if they go further with Beijing. Trade officials defend deal as tensions rise Dominic LeBlanc, who handles U.S. trade for Canada, fired back. He said there’s “no pursuit of a free trade agreement with China.” He called the deal limited and only about fixing tariff problems. He also described the U.S.-Canada relationship as a “remarkable partnership,” despite Trump’s attacks. Carney, speaking in Ottawa, said the plan is to pull tariffs back to where they were in 2023 but keep the EV cap in place. “We’re going to use the expression ‘back to the future’ with respect to EVs, with respect to agriculture,” he said. He claimed it sticks to the rules under the USMCA. Trump’s reaction comes just months before the official review kicks off. The deal marks its sixth anniversary on July 1, and if the U.S., Canada, and Mexico don’t agree to extend it for another 16 years, they’ll be stuck doing yearly reviews until the pact dies in 2036. Any of the three can also pull out with six…

---

Filed under: News - @ January 25, 2026 5:15 pm