The Globe and Mail reports in its Friday edition that a group of Canadian trade and foreign policy experts warns that the United States-Mexico-Canada Agreement risks becoming a "zombie" deal after President Donald Trump chose not to renew it on July 1. The Globe's Steven Chase writes that they note that the trilateral trade agreement is now in limbo -- neither extended nor terminated and lacking a clear resolution. The expert group on Canada-U.S. relations advises Canada not to rush into a deal out of fear of prolonged uncertainty, saying that speed doesn't ensure stability. The July 3 report, titled Beyond Renewal, highlights that Mr. Trump often views agreements as starting points for further demands. Canada should maintain tariff-free access for a wide range of products, secure rollbacks in U.S. tariffs on steel, aluminum and autos, and preserve a strong dispute settlement mechanism to protect against arbitrary actions by Washington. The report said: "Canada's most prudent course is to keep negotiating in good faith where our efforts are reciprocated, while refusing to be rushed into a bad deal. Its posture should be firm but constructive." It said any renewed USMCA "needs enforceable terms."
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