Mississauga Mayor Proposes Canada's New Trade Strategy: Refine Oil, Seek New Markets, Prepare for Post-USMCA Era

Mississauga Mayor Proposes Canada's New Trade Strategy: Refine Oil, Seek New Markets, Prepare for Post-USMCA Era

Mississauga Mayor Carolyn Parrish has proposed a shift in Canada's trade strategy, suggesting the country should refine its own oil, explore new markets, and prepare for a post-USMCA era. She believes Canada must prioritize self-sufficiency and diversification in light of ongoing US tariffs.

Parrish's proposals come amidst a backdrop of persistent US tariffs, which she argues have forced Canada to reassess its trade relations. She believes that Trump's successor, due to take office in 2029, is unlikely to change course on tariff policies. Parrish suggests Canada should let the USMCA (CUSMA) agreement lapse when it expires in 2026 and revert to tools like stricter broadcast content rules and foreign investment control, as used in the past.

Parrish's views contrast with those of some political leaders, including Premiers Ford and Moe, and federal Conservative leader Poilievre, who still hope to change Trump's mind on tariffs. Parrish argues that Canada should follow the example of China, the only other nation to confront Trump with counter-tariffs, rather than capitulating to US pressure.

Historical data supports Parrish's stance. A 2001 study found that jobs fell by 15% and imports from the USA soared by 70% in Canadian industries affected by tariff cuts under Mulroney's North American economic integration. Trump's tariffs on Brazil and Mexico, Parrish notes, are more about politics than economics, despite evidence to the contrary.

Mississauga Mayor Carolyn Parrish's proposals challenge Canada to rethink its trade dependence on the USA. She argues that Canada should refine its own oil, explore new markets, and prepare for a post-USMCA future. Parrish's views, backed by historical data and the stance of other nations, suggest a shift towards protectionist policies and self-sufficiency.

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