- Trump threatened 50% tariffs on Canadian goods while trade discussions intensified between the parties.
- Trump threatened 50% tariffs on Canadian imports, leading to intensified trade negotiations and strong political reactions from Canadian leaders.
- US threatens tariffs on Canadian exports while Mark Carney negotiates CUSMA renewal.
- While Mark Carney negotiates CUSMA renewal, the current situation involves Trump as President, trade issues, and the transition from NAFTA to CUSMA.
Former Ambassador Warns Businesses of Lasting Shift in U.S.-Canada Trade
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
What happened
Kirsten Hillman, former ambassador to the United States, advised Canadian business leaders to prepare for a lasting shift in the country’s economic relationship with the U.S. Her warning came as trade talks between Canada and the U.S. stalled after negotiations broke in August, leading to escalating tariff measures from both nations.
From bnnbloomberg.ca
Why it matters
Hillman noted that the assumption of virtually duty-free trade between the two countries has changed. She warned that Canadian companies must recognize these shifts, as the deeply integrated economies are currently experiencing tension due to the trade disputes.
While Mark Carney negotiates CUSMA renewal, the current situation involves Donald Trump as President, trade issues, and the transition from NAFTA to CUSMA.
From bnnbloomberg.ca
Who's involved
- Kirsten HillmanCanadian diplomat who issued warnings about the trade climate
- Donald TrumpPresident of the United States whose political views impact U.S. stability and business
- ScotiabankCanadian bank associated with the Scotia Growth Institute, where Kirsten Hillman advises
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ScotiabankSpeculative
Canadian companies might face increased costs or reduced demand if trade barriers rise due to escalating tariffs.
How it developed
Newest first. Tap a step to see who reported it.Kirsten Hillman warned businesses about unpredictable cross-border relations.1 source
Kirsten Hillman advises business leaders on diversifying beyond the U.S. market due to trade talks stalling over tariffs.1 source