Canada gives share of bridge profits to US to get Trump nod
Canada and the U.S. have reached an agreement to open the Gordie Howe International Bridge on July 27. Canada will share a portion of the bridge's net toll profits with a U.S.-run regional development fund to resolve a long-standing diplomatic standoff.
Why it matters
The deal resolves a major infrastructure dispute between the two nations and reflects the influence of political lobbying on cross-border trade projects.
The US and Canada will open the delayed Gordie Howe International Bridge connecting Detroit with Windsor, Ontario, on July 27, after the Canadian govt agreed to give the US a share of net toll profits, said officials familiar with the matter. The deal ends a tense standoff between the two trading partners.Canada paid for construction of the $4.5 billion bridge over the Detroit river after years of opposition from the owners of the existing Ambassador Bridge, who made a major donation recently to a political group aligned with President Donald…
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