Peter Munk Centre for Free Enterprise Education
With this week’s resignation of Gary Cohn, President Trump’s mercantilist trade advisors are on the ascent.
Canada once again faces economic challenges posed by a mercantilist U.S. administration.
The services sector creates the majority of income in the United States.
Prime Minister Trudeau has stated unequivocally that he won’t reduce Canadian taxes to remain competitive.
Under the Trump administration’s “America First” policy, there likely will be more trade complaints initiated by U.S.-based companies.
The U.S. wants to diminish the WTO’s ability to settle trade disputes.
Canada invented contingent protectionism back in 1904, so we’re not exactly innocents in this area.
According to reports, the Trudeau government thinks President Trump will pull the U.S. out of NAFTA.