Canada has lost its first dispute case under the new North American trade agreement to the United States. A panel found that Ottawa flouted part of its obligation to open the dairy market. Now the U.S. says Canada could face tariffs if it doesn't fix the problem.
"Buy American" has once again emerged as a major irritant in the economic relationship between the United States and its largest trading partners, including Canada.
Canada urged U.S. President Joe Biden to drop a 'Buy American' provision on autos from his signature budget plan, but it appears he's going ahead with it. The idea is included in the newly released version of his sprawling budget plan.