Canada Prepares for U.S. Election Outcome

As Donald Trump secured a second U.S. presidency, his proposed minimum 10% global tariff on all imported products has raised significant concerns in Canada and among other U.S. trading partners, with fears that it could lead to a 5% GDP loss. Canadian officials, such as Foreign Affairs Minister Mélanie Joly, emphasized their readiness to engage with whichever administration takes over, asserting that Canada has strengthened its ties across various U.S. political and economic levels. The chaotic election atmosphere was palpable, with Americans divided and security heightened amid concerns of politically motivated violence post-election. Both Trump and Vice-President Kamala Harris campaigned on protectionist platforms, which could threaten Canadian economic interests. Canadian officials are optimistic that their 'Team Canada' approach will facilitate negotiations regardless of the election outcome, emphasizing a strategic partnership with the U.S. Moving forward, Canada is bracing for a range of scenarios as it prepares for the potential impact of new tariffs on its economy.