Canada trade talks with the United States are stuck in a holding pattern, and Rob Breakenridge says the bigger problem is that nobody has defined the end game. Trump is calling his own deal a ripoff. There is no clear signal on whether the Americans want to negotiate or walk.

Breakenridge names supply management as the trade concession with the most legitimate American argument behind it, and says the case that Canadian dairy is protecting consumers does not hold up. On energy, he asks the harder question: a West Coast pipeline supplying Japan, South Korea, Singapore, and India is available as a strategy. The option to just keep selling south is easier. Canada keeps choosing easier. With a potential fuel price shock on the horizon and Ottawa offering targeted tax relief without explaining what it was collecting before, Breakenridge says the moment to think bigger keeps getting deferred.

Topics: Canada US trade deal, CUSMA, energy superpower, supply management, fuel prices

GUEST: Rob Breakenridge | robbreakenridge.ca

Originally aired on2026-04-23