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There’s an emerging view that the protectionist policies and tariffs on Canadian exports that characterized U.S. trade under the Trump Administration weren’t an aberration, and may not go away under a Biden administration.
This week, on Down to Business, Meredith Lilly, associate professor at Carleton University, discusses how Canada’s trade relationship with the U.S. has evolved.
Lilly previously served as Foreign Affairs and International Trade Advisor to Canadian Prime Minister Stephen Harper, where she worked on Canada’s trade negotiations with the European Union, South Korea, and the Trans-Pacific Partnership.
With roughly 75 per cent of Canada’s exports destined for the U.S., but a much smaller proportion of U.S. exports headed to Canada, it’s not exactly a “reciprocal” relationship she said, even if it remains incredibly important to Canada.
Eliminating tariffs may not be easy as flipping a switch in part because a U.S. president only holds so much power, Lilly said.
She talked about whether Canada’s trade relationship with the U.S. has permanently shifted, about the state of free trade and protectionism in China and the rest of Asia, and whether the Keystone Pipeline is dead in the water.
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