Trump trade war: Is Canada destined to lose?

Ian Lee, associate professor at Carleton University's Sprott School of Business, argues Canada's retaliatory tariff strategy against the United States is fundamentally flawed. He contends that Canada's vastly smaller economy and heavy trade dependence on American trade make it far more vulnerable in a prolonged trade war. Lee advocates for returning to negotiations with the Trump administration, while simultaneously pursuing domestic structural reforms including eliminating interprovincial trade barriers, developing natural resources, and reducing corporate tax rates to strengthen Canada's economic position. He warns that Trump could cancel CUSMA in its entirety.

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