Canada open to renegotiating free trade with Trump

A positive for Canada could be the eventual approval of TransCanada’s Keystone XL pipeline from Alberta to the U.S. Gulf Coast. He said he would scrap the deal if the partners didn’t agree to renegotiate it. Trump has promised to re-implement many of those tariffs to, for example, prevent auto companies from building products in Canada or Mexico that are meant for American consumption. Perhaps one with Mexico and one with Canada.

“A Trump presidency, with its highly vocal disdain for (the North American Free Trade Agreement), its America-first approach and its fears of loose borders, will be a hard partner for Canada”.

When Trump is sworn in early next year, he could begin the process to pull out of NAFTA by giving a six month notice.

Conversely, “every Five Eyes country will be wondering the extent to which future USA intelligence reporting on key parts of the world, such as Russia, Syria, Iraq and Iran, will be heavily politicized under a Trump government”.

“I’m a glass half-full guy”.

“On a day-to-day basis, billions of dollars in trade cross the border back and forth and that isn’t going to change”, said Randall. It’s a theme that pops up after many political reversals in the US, but there’s some evidence to suggest people are at least thinking about it now.

He also suspects many of those who do end up making the move to Canada will be people who, like Brijpaul’s sister, already have ties to the country.

They flooded the site Tuesday night as Trump’s victory was announced, CBC News reports – 12 times the normal rate of US traffic the site is used to seeing.

During the campaign, Trump promised to renegotiate his country’s trade deals aggressively, including the North American Free Trade Agreement. He has also threatened to slap tariffs on imports of Chinese goods.

Canada sends about 75 percent of everything it produces south, amounting to a huge US$1.8 billion in daily trade with the United States.

Milos Barutciski, Bennett Jones LLP, said the world is “not going to hell in a hand basket on the trade front”.

If Trump wanted to discuss changes, Canada would come to the table, he said. “Nobody knows. That’s the big problem, that’s the big question mark right now”.

Prime Minister Justin Trudeau vowed to work with the USA government administration of Donald Trump on Wednesday while trying to alleviate the anxiety of Canadians alarmed by his election as president. “We have stepped up to the plate in terms of defence at North Atlantic Treaty Organisation”.