Why the U.S. didn't catch an invite to the new bridge opening
Canada just opened an international bridge to the United States.They didn't invite the Americans.Here's why.First, take a look at what it's like to stand on the Gordie Howe Bridge connecting Windsor to Detroit.This is the opening ceremony.
Supposed to happen a month ago, but Canada and the United States put that on pause to work out underlying issues.Those issues have to do with how the toll revenue from this bridge is divvied up.Canada, under the initial agreement, collects all of the tolls to pay down the $6 .4 billion price tag it covered.
to build the bridge.After that, tolls are split 50 -50 with the state of Michigan.Now there's a new agreement and it says for the next 15 years Canada will split the revenue from the tolls 50 -50 with the United States so that it can go to an American investment fund that will work on projects along the supply chain corridor in Michigan.After that is done, those 15 years, it reverts back to the original initial agreement.However, This week, US President Donald Trump threatened more tariffs on Canada, leading Canadian officials to tell American politicians they were not invited to today's opening ceremony.You're looking at the first transport truck to cross Canada Customs on the bridge.
It represents $300 billion in trade that moves along this corridor every single year.Vehicle traffic can start crossing on the bridge Monday, and then people will be able to bike and walk across the bridge August 5th.
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