Countries around the world are bracing for an economic bruising on Monday. And few have more at stake than Canada.
That’s because three-quarters of everything Canada sells into the world, it sells to the United States, and U.S. president-elect Donald Trump is threatening trade penalties the day he takes office.
We do know he’s planning 100 executive orders starting on inauguration day, and it’s virtually certain they will include trade and border measures.
What we don’t know is the scope, the severity and the structure of his promised trade actions. Even Trump’s Republican allies on Capitol Hill aren’t certain, and public comments suggest the full plan won’t be complete Monday.
WATCH | Trump’s 25% tariff threat against Canada, Mexico: In a post on his Truth Social platform, U.S. president-elect Donald Trump has threatened to impose a 25 per cent tariff on all goods from Canada and Mexico until both countries stop what he called the ‘invasion’ of undocumented migrants and …