Canada, fearful of new tariffs if Donald Trump wins the US elections, has already begun negotiations with its relatives. This was reported by an American television company. CBC.
The stumbling block was Trump’s proposed 10 percent tariffs planned to be introduced as part of the Canada-U.S.-Mexico trade deal.
According to the CBC, “deep negotiations” on the issue are already underway, with Trump’s allies not promising any aid to Canada. The sides have discussed the possibility of opening a dialogue on resuming duty-free trade, but no agreement has yet been reached on the issue.
CBC believes that as part of the tariff negotiations, the Trump administration could pressure Canada to accelerate increases in defence spending within NATO.
Moreover, if there is an increase, Canada will likely take retaliatory measures.
The previous trade agreement between the US, Canada and Mexico was signed during Trump’s first term in 2018. Read more about it material “Newspapers.Ru”.
It was previously reported that he was in Canada. work on a plan What to do if Trump is elected President of the United States.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.