Several Canadian business groups are calling for federal and provincial governments to act in lockstep on economic issues in response to the election of Donald Trump, who has vowed to return to his “America First” policies by imposing tariffs on imports from other countries.
“The US election results hold significant implications for Canadian small businesses. We must prepare for another round of tough negotiations on the Canada-US-Mexico free trade agreement (CUSMA),” said Canadian Federation of Independent Business (CFIB) President and CEO Dan Kelly on social media platform X.
Trump, who will again become the 47th president of the United States after beating Democratic candidate Kamala Harris, renegotiated the North American Free Trade Agreement (NAFTA) during his first presidency from 2016 to 2020. During an Oct. 10 speech, Trump said he would “formally notify” Mexico and Canada of his intent to invoke the six-year renegotiation provisions of CUSMA, which replaced NAFTA….