As Trumps tariff threat looms, what would a US-Canada trade war mean? | Trade War News [Video]

Montreal, Canada – Donald Trump is less than a month away from being sworn in as the next president of the United States, and the Republican leader is set to usher in a number of serious domestic and foreign policy shifts.

In advance of Trump’s inauguration on January 20, countries around the world have been preparing for another “America First” administration that could drastically alter their relationships with Washington.

For Canada, a top US global ally, the countdown to Trump’s second term has also been a countdown to a looming threat that could upend the Canadian economy and years of strong trade ties between the neighbouring nations.

Late last month, Trump said he planned to impose 25-percent tariffs against Canada – as well as Mexico – if the country did not do more to stem irregular migration and the flow of illegal drugs over its border with the US.

The plan, which has drawn widespread concern from Canadian politicians, will come into effect “on January 20th, as …