Canada Gears up for Potential Trade Tensions with Trump

Politics and Government Politics and Government

Tue, January 7, 2025

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[ Tue, Jan 07th ] - AgWeb

Canada Gears up for Potential Trade Tensions with Trump

^{Published on 2025-01-07 13:01:03 - AgWeb}

Canada is preparing for potential trade challenges following Trump's threat of a 25% tariff on Canadian imports. The Canadian government is considering a proactive approach, including the possible early release of a retaliatory tariff list.

The article from AgWeb discusses Canada's preparations for potential trade tensions with the United States under a second Trump administration. Canadian officials are actively engaging in discussions and planning for various scenarios, particularly focusing on the possibility of Trump reimposing tariffs or altering trade agreements like the USMCA (United States-Mexico-Canada Agreement). There's a noted concern over Trump's previous administration's approach to trade, which included imposing tariffs on steel and aluminum, leading to retaliatory measures from Canada. Canadian Trade Minister Mary Ng has been in talks with U.S. counterparts, emphasizing the importance of maintaining a stable trade relationship. Additionally, there's mention of Canada's strategy to diversify its trade partners to mitigate risks associated with U.S. policy changes, while also preparing for negotiations or disputes that might arise if Trump's policies shift towards protectionism.

Read the Full AgWeb Article at:
[ https://www.agweb.com/news/policy/politics/canada-gears-potential-trade-tensions-trump ]

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