Canada's former ambassador to the United States says he’s confident Ottawa can avoid the worst of the tariff threats proposed by U.S. president-elect Donald Trump.
From tariff threats to social media claims about Canadians wanting to join their southern neighbours, U.S. president-elect Donald Trump has talked a lot about Canada and Prime Minister Justin Trudeau ahead of his second term. Mackenzie Gray looks at what Trump is getting wrong about Canada 's relationship with the U.S. Canada ’s former ambassador to the United States says he’s confident Ottawa can avoid the worst of the tariff threats proposed by U.S.
“It’s impossible to raise tariffs by any meaningful degree without harming both U.S. and Canadian companies,” according to Greg Husisian, a partner at Foley & Lardner who chairs the law firm’s international trade and national security practice in Washington.In order to avoid the worst case scenario, McKenna says Canada needs to carry out public diplomacy and private negotiations, which are already underway.
“ considers surpluses and trade deficits to be like profits and losses,” Husisian said. “Which ignores the fact that, yes, we’re giving you money, but you’re giving us goods.”“I don’t run a trade deficit with Wal-Mart because I’m giving that money, because they’re giving me goods back,” he added. “It doesn’t mean that I’m subsidizing Wal-Mart.”
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