As the leaders of Mexico, Canada and the United States meet this week, we once again hear the demand to either scrap or re-negotiate the North American Free Trade Agreement.
To do either would be foolish and likely cause immense harm to the Canadian economy.
Trade deals are all about give and take and, we could certainly isolate parts of the deal that may seem less than fair to Canada; in fact, critics of NAFTA from all three countries have done that over the years.
But re-negotiating the deal would mean that everything, including the advantages to Canada would be on the table and we could come out the other end the worse for wear.
There’s a vocal element in American politics that would love nothing better than to resurrect some of those protectionist policies and tariffs and that would have a dramatic effect on Canada’s economy.
You need look no further than Britain’s concerns after voting to leave the EU.
Even the national newspapers who supported the ‘Leave’ side are now predicting an increase in the cost of living , a devalued British Pound and plummeting house prices.
The UK will have to live with the consequences of their short sighted decision; let’s not make the same mistake in Canada.