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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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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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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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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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21st century economies fight over a 20th century industry
Last month, President Trump imposed a 25 per cent tariff on steel and steel products, and a 10 per cent tariff on aluminum. Initially the tariffs applied to all foreign producers exporting those products to the United States. But Trump ...
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Your trade war is my export opportunity
Amazon CEO Jeff Bezos is renowned for saying “your margin is my opportunity.” Canada and other countries may soon be in position to paraphrase Bezos’ iconic boast as an emerging trade war involving the United States and China creates ...
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Turmoil in Washington may have immediate consequences for Canada
This week, Gary Cohn, President Trump’s top economic advisor, resigned, allegedly because he disagreed with the president’s plan for tariffs on imported steel and aluminum. After the tariffs announcement, several Republican politicians ...
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U.S. tariffs on steel and aluminum imports will apply to all countries including Canada
Shakespeare immortalized March 15 as the Ides of March, the date of Julius Caesar’s assassination. President Donald Trump on March 1 stuck a knife into the world trade regime by announcing he would impose tariffs on imports of steel and ...
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Memo for President Trump—Canada runs a trade deficit with the U.S.
President Donald Trump issued a bizarre pronouncement this week—that Canada engages in smooth diplomatic trickery when it comes to trade relations with the United States. At a meeting with U.S. governors at the White House, the president ...