As the U.S. election nears its final hours, Canadians are watching with bated breath. The stakes are substantial, particularly if Trump, with his protectionist policies, takes office. Prof. Fen Hampson underscores the deep concerns in Ottawa.
A Trump administration, particularly with a Republican Congress, is expected to adopt an inward focus, with Canada potentially facing a tough economic climate. One critical issue is Trump’s proposal to implement a 10 percent tariff on all imports. Hampson notes that such a measure could significantly impact the Canadian economy, “very likely driv[ing] us into a recession” With trade as a cornerstone of Canada-U.S. relations, this election outcome will be pivotal for both economies. Stay tuned.