Canada-US Trade Negotiations Collapse Amid Tariffs and Concessions
Canada's trade negotiations with the US have stalled, leaving many wondering if Canada is being left behind. The current trade war between the two countries has damaged a historic alliance and provides lessons for other countries interested in negotiating with the Trump administration.
The main drivers of the decline in Donald Trump's approval rating include public anxiety over the ongoing conflict with Iran and expectations that it will drag on for a long time, heavily weighing on his numbers. His net approval on the economy and prices has also fallen to the bottom due to high gas prices (averaging around 4 US dollars a gallon) and frustration over inflation.
Meanwhile, Mark Carney's personal approval rating rose to 60 percent in August, with the Liberal Party holding an 11-point lead over the Conservatives. However, his attempts to negotiate a trade deal with the US have been met with resistance from Canadians, who feel that he is conceding too much.
Tensions between the US and Canada have raised consumer prices and slowed down economic growth across the continent, which can indirectly dampen demand for Mexican exports. Mexico's Claudia Shainbaum has maintained a robust approval rating, but disapproval remains higher regarding her administration's efforts to curb organized crime, drug trafficking, and corruption.