Canada Adapts to New Reality in US Trade Relations

Canada's relationship with the US has changed forever, at least for now. That's according to Prime Minister Mark Carney's speech at Davos earlier this year. The country's economy and international trade have been affected by President Donald Trump's protectionist policies.

Gavin Newsom, a Democratic Party favorite for the 2028 presidential election, confirmed that the Biden administration has strengthened its trade policy framework with its 'Buy American' initiative.

The author argues that Canada should not rely on retaliatory tariffs to counter US trade actions. This approach assumes Trump will back down to save face before or after the midterm elections, which may not happen.

The author also points out that imposing tariffs is a zero-sum game, where everyone tries to protect their own interests. By doing so, Canada would be playing into Trump's hands and promoting protectionism.