Strengthening Trade Relations: Canadian Prime Minister Mark Carney Meets President Claudia Sheinbaum
MEXICO CITY (AP) — In a significant meeting held on Thursday, Canadian Prime Minister Mark Carney and President Claudia Sheinbaum pledged to bolster trade relations between their nations amid looming U.S. tariff threats. Their discussions underscore the vital importance of maintaining the North America-wide free trade agreement as they prepare for negotiations next year.
This marked Carney’s inaugural visit to Mexico as Prime Minister, highlighting a moment marked by economic tension across the region. The two leaders greeted each other warmly as they made their way into the presidential palace in Mexico City, even as U.S. President Donald Trump and broader economic uncertainties lingered over the talks.
A Unified Economic Front
Carney highlighted the collaboration between Canada and Mexico, stating, “North America is the economic envy of the world… We complement the United States. We make them stronger. We are all stronger together.” This sentiment reflects recognition of the interdependent economic relationship forged among the three nations.
Key Discussions on the USMCA
Centrally featured in the discussions was the United States-Mexico-Canada Agreement (USMCA), which is scheduled for review in 2026. The countries’ economies are closely intertwined, with over 75% of Canada’s exports and more than 80% of Mexico’s directed toward the U.S.
With ongoing trade threats from Trump creating unease among leaders, there’s heightened urgency for stable trade alternatives. According to Nelson Wiseman, a political science professor at the University of Toronto, “Trump looms over this visit. Mexico and Canada now share a common threat from the U.S.”
Plans for Increased Economic Collaboration
During their meeting, Carney expressed optimism for “much greater amounts of trade, much greater amounts of investment” between Canada and Mexico. In response, Sheinbaum shared a vision of a plan aimed at enhancing their economic ties across various sectors, particularly through maritime routes that would allow goods to bypass the U.S.
Improving Relations Post-Tension
Carney’s visit also sought to mend relations after previous remarks from Canadian provincial premiers suggested sidelining Mexico in potential trade discussions with the U.S. Such comments had unfortunately strained relations, prompting sensitivity in Mexico. However, Carney’s move to invite Sheinbaum to the G7 summit in Alberta this past June was seen as a positive step toward reconciliation.
Future commitments include a series of bilateral meetings to foster collaboration on matters ranging from security and agriculture to energy, finance, health, and environmental issues.
Aiming for a Unified North America
As both leaders navigate the complex trade landscape influenced by the Trump administration, they have opted for cooperative strategies to enhance bilateral commerce within the framework of the North American treaty. Sheinbaum noted that teams are already being established to review the USMCA, focusing on strategies to counteract potential challenges posed by Trump.
Historically, the trade agreement has largely protected Mexican and Canadian goods from heavy tariffs, providing significant economic comfort. However, sector-specific tariffs, particularly the 50% tariffs on steel and aluminum imports, remain a concern. Sheinbaum expressed hope for mitigating these impacts while also emphasizing the importance of unity among the three nations.
Throughout a press conference following their discussions, both leaders maintained a tone of optimism despite the underlying tensions surrounding trade. “USMCA is a testament to how Mexico, Canada, and the United States can work together to create prosperity and successfully face global challenges,” Sheinbaum concluded.
