Although it would make sense to have a “hard down”, I have to be honest that the last year or so around these trade agreements has wrecked havoc on importers. It would depend on the clarity of the text. I can tell you that we went into CUSMA weeks before with no regulations and no clarity about what the documentation was. For that reason, I'm a little hesitant to say have a “hard down”. I think as long as there's predictability, transparency and ease of use for business, I could concur with that, but just in the last year we didn't get that. Then we careened into having to implement CUSMA in a very difficult way.
On November 23rd, 2020. See this statement in context.