The United States will hold the first tri-national leadership summit of the T-Mec countries, with President Joe Biden hosting Prime Minister Justin Trudeau of Canada and President Andrés Manuel López Obrador in Washington November 18th.
In a statement the White House mentions health security, competiveness and equitable growth, climate change and a regional vision for migration as key topics.
One hot topic promises to be US proposals for tax credits for electric cars, which drew a concerned response from Canadian officials in October.
“If passed into law, these credits would have a major adverse impact on the future of [electric vehicle] and automotive production in Canada, resulting in the risk of severe economic harm and tens of thousands of job losses in one of Canada’s largest manufacturing sectors,” wrote Canadian Trade Minister Mary Ng in a letter to US officials. U.S. companies and workers would not be isolated from these impacts.”
Other long-running trade disputes between the US and Canada are centered on softwood lumber and dairy products.
Meanwhile there has been speculation that a new Mexican energy bill which seeks to constitutionally limit private sector participation in its electricity sector and disappear energy regulatory agencies could cause a backlash in the United States.
