Trudeau Faces New Trade Fight After Trump Returns to White House
- Canada’s economy heavily depends on goods exports to US
- Proposed policies may upend trade in oil, autos and metals
A Canadian Pacific Railway Co. locomotive at the Port of Vancouver in British Columbia, Canada.
Photographer: Ethan Cairns/BloombergThis article is for subscribers only.
The country that buys more US goods than any other and is its largest external oil supplier is bracing for economic disruption now that voters have returned Donald Trump to the White House.
Canada’s economy depends on its ability to sell energy, cars, minerals and other goods to the US. Its consumers and businesses also rely heavily on US-made imports — from Kia vehicles assembled in Georgia to tractors manufactured in Iowa. The two countries have one of the world’s largest bilateral trading relationships, worth about $2.6 billion in goods and services daily, similar in size to US-Mexico trade flows.