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Canada Prepares for Trade Tensions Under Trump Presidency

November 6, 2024 by Newsdesk

As Donald Trump’s return to the White House looms, Canada braces for potential strains in its U.S. relations. Trump has pledged sweeping tariffs, possible revamps to the North American trade deal, and challenges to green energy policy, raising concerns about the stability of Canada’s trade and military alliances.

Neo-protectionist tariffs and disruptions to Biden’s Inflation Reduction Act could impact Canadian firms and climate policies. The Canadian Chamber of Commerce’s Matthew Holmes stresses urgency in conveying Canada’s economic role to U.S. policymakers. Meanwhile, tighter immigration and border security measures could strain resources and impact cross-border ties.

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