The government is preparing for the possibility that the incoming U.S. administration will impose high tariffs on Canadian goods, setting the close allies up for a showdown.
U.S. president-elect Donald Trump's pledge to hit Canada and Mexico with 25 per cent across-the-board tariffs has sent shockwaves through America's closest neighbours — but it's likely just a first step in his plan to rattle a critical trilateral trade pact.
OTTAWA — The race to replace Canadian Prime Minister Justin Trudeau is dominated by one name: Donald Trump. How to wrestle with the incoming president and his tariff threats has emerged as the defining question in the Liberal Party leadership contest.
After nearly a decade in power, Canadian Prime Minister Justin Trudeau finally bowed to a chorus of criticism that had become too loud to ignore, announcing his resignation on Monday. Among the loudest critics was one of his most loyal and longest-serving deputies.
Imposing tariffs on Canadian exports would hurt the Canadian economy, but also the American economy, by causing a new inflationary surge and increasing costs for American companies and the
His renegotiation of the North American trade pact was aimed at rebalancing trade with Canada and Mexico, but U.S. trade deficits continued to rise even after he inked the agreement in 2018.
Trump continues to erroneously cast the U.S. trade ... % tariff free. And that tariff level is as a result of the USMCA,” Hillman said, referring to the United States-Mexico-Canada Agreement.
Canada’s ambassador to Washington said Monday that Canada is prepared to buy more from the United States, in response to President-elect Donald Trump’s concerns about the US-Canada trade deficit.
The experienced hand who can fix the economy. The tough negotiator who can take on a Donald Trump White House. The millennial long-hauler who can rebuild the party.
Donald Trump’s campaign excursions into foreign policy were few and far between. He promised to build a stronger military and keep the country out of war. He said he would bring peace to Gaza and end
Chinese exports and investment in Mexico are quickly rising. The Trump team fears its neighbor could be used as a backdoor to the U.S. market.