Canada suddenly has no leader, and no plan, for a Trump trade fight
Mint Ahmedabad|January 10, 2025
Canada is the U.S.'s second-largest trading partner after Mexico, according to U.S. Census Bureau data
Vipal Monga

After President-elect Donald Trump's election victory, Canadian officials began racing to rebuild "Team Canada"—the bipartisan group of federal, provincial, and business officials led by Prime Minister Justin Trudeau who pushed back against Trump's tariffs in 2018.

Today, Team Canada has a problem: It is leaderless.

Trudeau's resignation, and decision to forestall elections for at least a few months until his party picks a new leader, leaves Canada with no recognizable plan to counter Trump's threats of 25% tariffs on all goods or his floating an American takeover of its northern neighbor by "economic force."

The united front that Canada presented Trump in his first term is fractured and distracted.

"We don't know who speaks for Canada today," said Goldy Hyder, president of the Business Council of Canada, a group that represents the chief executives of large Canadian companies.

Even before Trudeau's announcement Monday, the longtime prime minister faced criticism that he wasn't adequately prepared for a trade fight with Trump. His closest political ally, Chrystia Freeland, resigned as deputy prime minister and finance chief over those concerns.

But even a weakened and unpopular Trudeau at least presented a battle-tested foil for Trump. Now, political analysts said Trump has an opening to go even harder on Canada on trade and other matters, such as military spending.

"It's not ideal," said David MacNaughton, the former Canadian ambassador to the U.S. who helped renegotiate the North American Free Trade Agreement during Trump's first term. "Trump is somebody who, when he spots weakness, tries to press his advantage. It's going to be a zoo for the next two or three months."

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MINT AHMEDABADView all
Mint Ahmedabad

Portfolio chaos: A teacher's quest from clutter to clarity

How Singh turned around his finances to secure his future with low-cost professional advice

time-read
4 mins  |
January 24, 2025
Mint Ahmedabad

Donald Trump to take virtual centre stage in Davos

Chief executives will be given the chance to lob questions at the new US President Donald Trump

time-read
1 min  |
January 24, 2025
Mint Ahmedabad

NOMINEE LAWS AT CROSSROADS: FROM TRUSTEE TO OWNERSHIP, A CASE FOR REFORMS

The notion of a nominee being a mere trustee complicates the case for asset succession

time-read
2 mins  |
January 24, 2025
Mint Ahmedabad

Little-known ETF gains from SpaceX addition

The fund has since seen the best stretch of flows in its seven-year lifespan

time-read
2 mins  |
January 24, 2025
Mint Ahmedabad

BUDGET 2025: DRIVING INDIA'S GROWTH IMPERATIVE

FY25 growth forecasts put out this month have raised warning signs for the economy

time-read
3 mins  |
January 24, 2025
Mint Ahmedabad

American employees have lost their labour market leverage

Their pandemic gains are over as the power balance tilts away

time-read
3 mins  |
January 24, 2025
Mint Ahmedabad

JSW Defence, Telangana Ink MoU

JSW Defence has signed an agreement with the Telangana government to set up a facility in the state for manufacturing unmanned aerial systems.

time-read
1 min  |
January 24, 2025
Mint Ahmedabad

Chhattisgarh gets ₹6k cr proposals

Chhattisgarh has secured investment proposals worth ₹6,000 crore from leading companies in sectors such as plastics, textiles, information technology, and food processing, the state government revealed during the Investor Connect event that it organized with the Confederation of Indian Industry (CII) in Mumbai.

time-read
1 min  |
January 24, 2025
Mint Ahmedabad

Maruti Suzuki to up prices of models

Maruti Suzuki India Ltd (MSIL) on Thursday said it will hike prices by up to ₹32,500 across various models to partially offset the rise in input costs.

time-read
1 min  |
January 24, 2025
Mint Ahmedabad

Uneven access to formal credit can set our economic goals back

India must chart a path for small-ticket formal credit if it is to realize its Viksit Bharat ambition

time-read
3 mins  |
January 24, 2025