The recent meeting between U.S. President Donald Trump and Canadian Prime Minister Mark Carney brought CUSMA (Canada–United States–Mexico Agreement) back into the geopolitical spotlight. As speculation swirls over whether the agreement will be renegotiated, businesses, immigration professionals, and cross-border investors are keeping a close watch.
CUSMA: A Transitional Deal?
In his remarks, President Trump referred to CUSMA as a “transitional step,” suggesting that while it served a key purpose in replacing NAFTA, it may no longer reflect current trade and economic priorities. He reiterated his long-standing view that NAFTA was “the worst trade deal in the history of our country” and hinted that elements of CUSMA could soon be under review or “terminated.”
Trump emphasized a protectionist stance, stating, “We don’t really want cars from Canada… we want to make them ourselves,” signaling the potential for additional tariffs on Canadian steel, aluminum, and automotive imports. Such measures could have sweeping implications for manufacturers, workers, and cross-border supply chains in North America.
Prime Minister Carney: A Call for Cooperation
In contrast, Prime Minister Carney took a diplomatic approach, affirming the value of a strong U.S.–Canada partnership while asserting Canadian sovereignty. “Canada is not for sale,” he stated in response to Trump’s provocative commentary about annexation. Carney underscored Canada’s intent to increase defense spending and protect its national interests—including its role in Arctic development and border security.
Notably, Carney acknowledged that while elements of CUSMA “will have to change,” the agreement still offers a foundation for broader economic cooperation. He emphasized that 50% of a car manufactured in Canada is composed of U.S. parts, illustrating how deeply integrated the two economies are.
What This Means for Immigration and Investment
For foreign investors and visa holders, the potential renegotiation of CUSMA introduces both uncertainty and opportunity. Professionals utilizing CUSMA’s immigration provisions—such as intra-company transfers or professionals under Chapter 16—should stay informed on policy changes that could affect their eligibility or cross-border mobility.
Moreover, the trade framework under CUSMA has long influenced business immigration strategies, particularly in sectors like logistics, manufacturing, and tech. A revised or rescinded agreement could impact labor mobility, credential recognition, and business expansion plans for North American firms.
Need Guidance on CUSMA-Related Immigration Matters?
Contact our team at www.visaserve.ca or schedule a consultation to review your cross-border options under the current framework.
