Canadian business groups brace for tougher trade policies under Trump’s second term
Canadian business groups are concerned that Donald Trump's second term as U.S. president may bring tougher trade policies than during his first term. Trump has strong public support for his trade agenda, which includes potential tariffs of 10 to 20 percent on imports.
Finance Minister Chrystia Freeland reassured Canadians that the government is prepared to engage with a Trump administration. However, business leaders warn that past experiences may not guide future negotiations effectively, especially with the upcoming review of the Canada-United States-Mexico Agreement in 2026.
Trade Minister Mary Ng noted that U.S. businesses are also worried about the impact of tariffs. She emphasized the Canadian government's commitment to protecting Canadian interests and workers in trade discussions.