Business groups say Canada needs to plan differently for Trump's second term

  • 📰 BurnabyNOW_News
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 77%

Business News News

Business Business Latest News,Business Business Headlines

OTTAWA — Donald Trump's mandate to get tough on trade is expected to be stronger in his second term as U.S. president, posing different challenges for Canada than his first four years in the White House.

OTTAWA — Donald Trump's mandate to get tough on trade is expected to be stronger in his second term as U.S. president, posing different challenges for Canada than his first four years in the White House.

He said the president-elect has a strong endorsement from the American public for his tough-on-trade platform that includes a promise to impose 10-to-20-per-cent tariffs on all goods flowing into the United States. Freeland highlighted on Wednesday that Canada reached a renegotiated free-trade agreement with the U.S. while Trump was president. She added that the federal government also shares Trump's concerns about Chinese overproduction.

Last February, Trump said he would not defend a NATO member that is failing to spending the agreed-upon amount on defence, suggesting he would encourage Russia to do"whatever the hell they want" to those countries. "The tariff man is back," Tapp said."This is going to be terrifying for Canadian exporters and probably for Canadian policymakers to wrap their heads around how to deal with Trump in a second term."

Just a little more than 24 hours after Trump's victory was declared, Trudeau revived a key cabinet committee on Canada-U.S. relations and tapped Freeland to chair it.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TikTok must end business in Canada but app will stay available, Ottawa saysThe order comes after a lengthy national security review by the federal government into concerns over the popular social media app and its Chinese owner ByteDance.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

Business groups say Canada needs to plan differently to deal with Trump's second termOTTAWA — Donald Trump's mandate to get tough on trade is expected to be stronger in his second term as U.S. president, posing different challenges for Canada than his first four years in the White House.
Source: PGCitizen - 🏆 65. / 51 Read more »