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

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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.

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.

"America is interested in its own economic security and its own national security, and it is making a list of friends and foes, and everything in between. And we need to make sure that we are on the top, not near on the top, of the friends list," Hyder said. The Canada-United States-Mexico Agreement, which was negotiated during Trump's first term to replace NAFTA, is also up for review in 2026. Trump has vowed to renegotiate it.

A report authored by University of Calgary economics professor Trevor Tombe for the Chamber of Commerce estimates that a U.S. tariff of 10 per cent -- in addition to retaliatory tariffs from other countries -- would cost Canadians on average $1,100 in foregone income every year. "I trust that those American businesses will share their views with their new administration," Ng said.

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