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A split Congress may increase uncertainty surrounding Canada’s trade environment
This week’s midterm elections in the United States were the most expensive (in terms of candidate expenditures) and featured the largest voter turnout for any midterm election in U.S. history, as many observers saw it as a referendum on ...
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Green handwringing over new North American trade pact
Environmentalists are wringing their hands over the new he United States-Mexico-Canada Agreement (USMCA), in part because the Trudeau government did not get what it wanted for environmental protections. Early in the process, Foreign ...
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New trade pact mixed bag for Canadians
The long-running soap opera that was the NAFTA renegotiations has ended—at least for now. At the last minute before President Trump’s September 30 midnight deadline, Canadian and U.S. negotiators finalized an agreement that expands an ...
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In the evolving trade debacle with the U.S, Ottawa must act
The outlook for ongoing NAFTA negotiations grows dimmer by the day, notwithstanding the conciliatory statement by Mexico’s new president, Andres Manuel Lopez Obrador (known colloquially as AMLO). In a recent interview after exit polling ...
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Withstand the trade war by trading more
Canada and the United States are in a trade war. The ongoing drama of NAFTA negotiations, and the possibility that the current trade arrangements, may not continue raises an important question. What is the Trudeau government’s Plan B? ...
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Through the WTO, Canada could reaffirm its commitment to multilateral institutions
The Trump administration’s imposition of tariffs on Canadian steel and aluminum exports to the United States, and the G7 debacle, which ended in unprecedented acrimony between U.S. and Canadian officials, underscore two compelling issues ...
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Canada, Trump and tariffs—a counterproductive and self-defeating quarrel
President Trump’s recent actions have drawn widespread media attention to tariffs. Economic science provides an effective means of discerning the implications amid the hyperbole and rhetoric. Earlier this year, the Trump administration ...
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The end of Trump-whispering
I wrote in January about how economists, apart from warning about the consequences, don’t have an awful lot to say about how best to fight a trade war. Adam Smith himself wrote that such wars were a situation in which policy be left to ...
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Steel, aluminum, tablecloths and NAFTA
What do steel and tablecloths have in common? They are now products that are part of a dollar-for-dollar tariff war between the United States and Canada. They are also canaries in the NAFTA coal mine, signalling that the oxygen has ...
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Trump favours tariffs, to the delight of U.S. companies
Many observers believe that the ongoing “Montreal Round” of NAFTA negotiations, which started last week, represent a make-or-break moment for a “successful” renegotiation of NAFTA. Some reports say Canadian and Mexican trade officials ...