Trump's election raises concerns over impact on Canada-U.S. economic ties

Donald Trump’s return to the White House raises concerns about his protectionist policies and their impact on Canada-U.S. economic relations. Business leaders worry about a proposed 10% tariff on American imports, which could cost Canada $30 billion annually. Canadian manufacturers are particularly vulnerable, as over 77% of Canadian exports go to the U.S. Experts warn that tariffs could lead to inflation and a potential recession, affecting consumers and increasing costs for goods. Trade between Canada and the U.S. has grown significantly since the Canada-United States-Mexico Agreement took effect in 2020. Canadian officials emphasize the need for collaboration to maintain strong economic ties and avoid tariffs that could harm both economies.