Risks for U.S.-Canada trade relationship

Wendy Wagner, head of international trade & customs at Gowling WLG, talks about potential challenges facing the trade relationship between the United States and Canada.

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[Jigger]

...it's official I want NOTHING to do with America

[georgek]

No more discounted oil and gas from Canada 🇨🇦!

[AlexRoivas]

Canada needs to join thr EU at this point and if not they need to replace trade with the US with Europe.

[kurio]

There seems to be a general consensus that the USA has the better hand in such trade negotiations. I disagree.

The majority of US purchases are in raw materials (bitumen, nickel, potash, uranium) which they do not have in the same abundance. They take these inputs and add value for resale. Tariffs on such goods would directly harm their own industries. So let the USA shoot themselves in the foot.

Alternatively, the USA could go after Canada's manufactured goods, but then Canada could hit the USA with counter tariffs on finished goods. Canada's advantage is that there is a whole world, including China, that would happily replace the American suppliers for the same price or less. Sure, Canada may lose manufacturing goods in the process, but the USA could lose proportionally more.

[RobertWatt-qxcz]

Trade somewhere else Canada , dont trade, talk, or even think about trade with a criminal, close the boarders for 4 years, cut water and power to. Just walk away,

[lucforand]

People who think that Canada can join the US as a whole are fools. They obviously know absolutely nothing about Canada's constitional framework!!

[PDL]

The solution to this on top of retaliatory tariffs from is a massive consumer boycott of all US goods.

[markgiffin]

Let's start with a 50% tariff on Tesla, Harley Davidson, OJ, and wines and spirits. The Americans are importing Canadian products to which they add value. If Donnie wants to drive up the cost of inputs, so be it. He can explain to Americans why gas is up a dollar a gallon and everything costs more. Maybe in the process, he'll be able to wrap his head around how tariffs, trade, and the economy work.

[dauphinmou]

Remember ---Once a relationship is Broken, ,,,Anything is possible...Let's go for it.

[nrthsound]

She doesn't articulate the trade relationship between the US and Canada accurately. Canada's only "advantage" is that we sell raw resources to the US to process, refine and resell. Thats not really a disadvantage to the US, because they make way more money selling the refined products elsewhere. The main export by far the Canada sells the US is oil, and that oil gets refined and sold by the US for more profit margin

[bluefalcon]

Put tariffs on French fries and watch the Americans turn around.

[PeterLorimer-jiut]

Canada needs to diversofy as soon as possible, as much as possible from her trade with the US.
America is capricious and unstable and seemingly in decline.
Canada sells important resources fo the US at bargain prices thus subsidizing her neighbour, yet it is turned around and somehow Canada "takes" from the US.
Apparently, the Americans don't need Canadian resources.

Id imagine that the opening ceremony of the Gordie Howe Bridge will be postponed indefinitely 😢

[KLG]

I want out of North America, Australia sounds perfect.

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[shawnwiebe]

When the host realizes the Democrats didnt live up to their commitments. 😂

[raymondOsmond-zijb]

Put tariffs on the big Mac’s trump just might cry

[PDL]

Your guest is complaisant with the notion of trade deficit. It cannot be acknowledged in absolute numbers without taking into consideration the population size of each partners. On a per capita basis when including services each Canadian purchase 11K$ yearly of US goods and services while each American purchases 1, 4K$ from Canada. Now do the same math between China and the US. This trade deficit calculation is non sense.

[lucilleward]

orange head drink to much orange juice and that s why he think like that he got no more place on his head to think before talking.

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