What Donald Trump's election victory could mean for Canada
CTV
Following president-elect Donald Trump's decisive election victory, there are sure to be significant knock-on effects for Canada. Here's a look at the different areas in which a second Trump presidency may affect Canadians.
Following president-elect Donald Trump’s decisive election victory, there are sure to be significant knock-on effects for Canada.
While this will be Trump’s second go-around in the Oval Office, and the second with Prime Minister Justin Trudeau in office in Canada, the world looks very different than it did four years ago.
Here’s a look at the different areas in which a second Trump presidency may affect Canadians now.
It’s unclear which election promises Trump will implement once he’s back in office, but his pledge to put in place across-the-board tariffs of at-least 10 per cent has caused some concern among experts.
A report from the Canadian Chamber of Commerce last month “offers a stark warning” of protectionist policies in the United States, and concludes that Trump’s tariffs would negatively impact both countries’ economies.
The issue would become even worse, according to the report, if Canada retaliates with levies of its own.
The report also details negative impacts on several U.S. states and Canadian provinces specifically, in which the other country is its largest trading partner, namely Ontario, Quebec, Alberta, Manitoba, and New Brunswick. South of the border, Montana, Michigan, Illinois, and Texas rely on trade with Canada for significant percentages of the state economy.
