After US President Donald Trump declined to impose tariffs on his first day back in power, officials in the Canadian government expressed caution, saying the fight against US protectionism is far from over.
Brian Platt, Bloomberg NewsCharmaine Goddeeris, director, customs and international trade at BDO Canada , talks about strategic approaches to manage tariffs effectively.
Instead of coming out with tariffs on day one, Trump is ordering his officials to first examine US trade relationships for unfair practices and investigate whether China has complied with an earlier trade deal, according to a memo seen by Bloomberg News. “We’re very cautious,” Foreign Minister Melanie Joly told reporters at a Quebec hotel where Trudeau’s cabinet has gathered for a two-day retreat. “It’s really, really important that we continue to roll up our sleeves and make sure that we defend Canadian interests.”
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