Ep 58: A Deal Within Reach, Until It Wasn’t: Why the U.S.-Canada Deal Collapsed

Ep 58: A Deal Within Reach, Until It Wasn’t: Why the U.S.-Canada Deal Collapsed


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In this week’s episode, our trade insiders unpack the collapse of a U.S.-Canada deal, tracing a week that moved from Smoot-Hawley-level tariffs and calibrated Canadian retaliation to Ambassador Greer’s French-language olive branch and Prime Minister Carney’s decision to walk away at the eleventh hour. The panel examines the politics surrounding Carney’s decision and the three major sticking points of heavy trucks, French-language protections, and coordination on China. They consider what Canada’s simultaneous engagement with the EU and China could mean for its broader trade strategy, and lastly close with a look at how the U.S.-Canada standoff is playing in Europe ahead of Carney’s high-profile address in Strasbourg.

Featured Speakers:

Wendy Cutler

Wendy Cutler

Senior Vice President

Asia Society Policy Institute

Wendy Cutler is Senior Vice President at the Asia Society Policy Institute (ASPI), based in Washington, D.C. In this role, she focuses on leading initiatives that address challenges related to trade, investment, economic security, and innovation, as well as women’s empowerment in Asia.

Cutler joined ASPI following an illustrious career of nearly three decades as a diplomat and negotiator in the Office of the U.S. Trade Representative (USTR), where she also served as Acting Deputy U.S. Trade Representative. During her time at USTR, she worked on a range of bilateral, regional, and multilateral trade negotiations and initiatives, including the U.S.-Korea Free Trade Agreement, the Trans-Pacific Partnership, U.S.-China negotiations, and the WTO Financial Services negotiations.

Cutler has published a series of ASPI papers on the Asian trade landscape and serves as a regular media commentator on trade and investment developments in Asia and the world.

Wendy Cutler

Wendy Cutler

Senior Vice President

Asia Society Policy Institute

Wendy Cutler is Senior Vice President at the Asia Society Policy Institute (ASPI), based in Washington, D.C. In this role, she focuses on leading initiatives that address challenges related to trade, investment, economic security, and innovation, as well as women’s empowerment in Asia.

Cutler joined ASPI following an illustrious career of nearly three decades as a diplomat and negotiator in the Office of the U.S. Trade Representative (USTR), where she also served as Acting Deputy U.S. Trade Representative. During her time at USTR, she worked on a range of bilateral, regional, and multilateral trade negotiations and initiatives, including the U.S.-Korea Free Trade Agreement, the Trans-Pacific Partnership, U.S.-China negotiations, and the WTO Financial Services negotiations.

Cutler has published a series of ASPI papers on the Asian trade landscape and serves as a regular media commentator on trade and investment developments in Asia and the world.

Dan Mullaney

Daniel Mullaney

Non-Resident Senior Fellow

Atlantic Council

Daniel Mullaney is a nonresident senior fellow with the Atlantic Council’s Europe Center and GeoEconomics Center. Most recently, he served as assistant US trade representative (AUSTR) for Europe and the Middle East in the Office of the United States Trade Representative (USTR) from 2010 to 2023. He was chief negotiator for comprehensive trade agreements with the European Union (EU) and the United Kingdom, as well as trade lead for the US-EU Trade and Technology Council, and was responsible for developing and implementing US trade policy in Europe, Eurasia, Russia, the Middle East, and North Africa.

Before assuming the post of AUSTR, he served as senior trade representative in the US Mission to the European Union in Brussels, where he was the principal voice for US trade policy in interactions with the EU institutions and EU member state governments, the public, and the international press. Prior to that posting, Mullaney was in USTR’s Office of General Counsel for seven years, where he represented the United States in dispute settlement proceedings at the World Trade Organization and led negotiations and acted as legal counsel for free trade and other agreements. Before joining USTR, Mullaney was in private practice for nearly twenty years, specializing in international trade law and litigation; when he entered public service, he was a partner at the law firm of Dorsey and Whitney.

Mullaney is a native of Cincinnati, Ohio. He holds a BA from Amherst College, and a joint law/foreign service JD/MSFS degree from Georgetown University.

Dan Mullaney

Daniel Mullaney

Non-Resident Senior Fellow

Atlantic Council

Daniel Mullaney is a nonresident senior fellow with the Atlantic Council’s Europe Center and GeoEconomics Center. Most recently, he served as assistant US trade representative (AUSTR) for Europe and the Middle East in the Office of the United States Trade Representative (USTR) from 2010 to 2023. He was chief negotiator for comprehensive trade agreements with the European Union (EU) and the United Kingdom, as well as trade lead for the US-EU Trade and Technology Council, and was responsible for developing and implementing US trade policy in Europe, Eurasia, Russia, the Middle East, and North Africa.

Before assuming the post of AUSTR, he served as senior trade representative in the US Mission to the European Union in Brussels, where he was the principal voice for US trade policy in interactions with the EU institutions and EU member state governments, the public, and the international press. Prior to that posting, Mullaney was in USTR’s Office of General Counsel for seven years, where he represented the United States in dispute settlement proceedings at the World Trade Organization and led negotiations and acted as legal counsel for free trade and other agreements. Before joining USTR, Mullaney was in private practice for nearly twenty years, specializing in international trade law and litigation; when he entered public service, he was a partner at the law firm of Dorsey and Whitney.

Mullaney is a native of Cincinnati, Ohio. He holds a BA from Amherst College, and a joint law/foreign service JD/MSFS degree from Georgetown University.

Stephen Vaughn

Stephen Vaughn

Partner, International Trade

King & Spalding LLP

Stephen P. Vaughn is a Partner in the International Trade Team of King & Spalding, where he works primarily on international trade litigation and policy matters. In April 2019, Vaughn completed more than two years of service as General Counsel for the Office of the United States Trade Representative (USTR), where he managed a team of government attorneys representing U.S. interests in both trade negotiations and trade litigation. During two months in early 2017, he also served as acting U.S. Trade Representative.

Vaughn is widely regarded as one of the world’s foremost authorities on current U.S. trade policy, as well as one of the most talented U.S. trade remedy litigators. He is recognized as a leading practitioner in Trade Remedies and Trade Policy by Legal 500 U.S., Chambers USA, and Chambers Global. He was named a 2024 Client Service All-Star by BTI Consulting and one of Washingtonian’s 500 Most Influential People Shaping Policy in 2025.

Stephen Vaughn

Stephen Vaughn

Partner, International Trade

King & Spalding LLP

Stephen P. Vaughn is a Partner in the International Trade Team of King & Spalding, where he works primarily on international trade litigation and policy matters. In April 2019, Vaughn completed more than two years of service as General Counsel for the Office of the United States Trade Representative (USTR), where he managed a team of government attorneys representing U.S. interests in both trade negotiations and trade litigation. During two months in early 2017, he also served as acting U.S. Trade Representative.

Vaughn is widely regarded as one of the world’s foremost authorities on current U.S. trade policy, as well as one of the most talented U.S. trade remedy litigators. He is recognized as a leading practitioner in Trade Remedies and Trade Policy by Legal 500 U.S., Chambers USA, and Chambers Global. He was named a 2024 Client Service All-Star by BTI Consulting and one of Washingtonian’s 500 Most Influential People Shaping Policy in 2025.

Kellie Meiman Hock

Senior Counselor

McLarty Associates

Kellie Meiman Hock is a Senior Counselor at McLarty Associates and an adjunct professor at Georgetown University. A long-time Latin America and trade policy hand, Kellie for over three decades has managed the most challenging issues confronting companies as they seek to manage global operations, tackle market access barriers, and grow internationally. She worked for nearly a decade as a U.S. Foreign Service Officer at the Department of State, serving in Bogota, Colombia, and throughout Brazil in Porto Alegre, São Paulo, and Recife. Her final posting was at the Office of the U.S. Trade Representative as Director for Brazil and the Southern Cone.

Kellie joined McLarty Associates in 2000, originally founding the firm’s trade and Brazil/Southern Cone practices and eventually becoming Managing Partner. She is now Senior Counselor to the firm and an adjunct professor at Georgetown University. She also guest lectures at University of Nebraska and McGill University. Kellie is a member of the Council on Foreign Relations, chairs the Women’s Foreign Policy Group Leadership Council, and is on the board of the Inter-American Dialogue and the Washington Campus

Kellie Meiman Hock

Senior Counselor

McLarty Associates

Kellie Meiman Hock is a Senior Counselor at McLarty Associates and an adjunct professor at Georgetown University. A long-time Latin America and trade policy hand, Kellie for over three decades has managed the most challenging issues confronting companies as they seek to manage global operations, tackle market access barriers, and grow internationally. She worked for nearly a decade as a U.S. Foreign Service Officer at the Department of State, serving in Bogota, Colombia, and throughout Brazil in Porto Alegre, São Paulo, and Recife. Her final posting was at the Office of the U.S. Trade Representative as Director for Brazil and the Southern Cone.

Kellie joined McLarty Associates in 2000, originally founding the firm’s trade and Brazil/Southern Cone practices and eventually becoming Managing Partner. She is now Senior Counselor to the firm and an adjunct professor at Georgetown University. She also guest lectures at University of Nebraska and McGill University. Kellie is a member of the Council on Foreign Relations, chairs the Women’s Foreign Policy Group Leadership Council, and is on the board of the Inter-American Dialogue and the Washington Campus

FEATURED AUDIO

August 28, 2026

Ep 58: A Deal Within Reach, Until It Wasn’t: Why the U.S.-Canada Deal Collapsed

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