Canadian leaders on the evolving trade relationship with the U.S.: “It’s a wake-up call”

Canada is a major trade partner with the United States. Politicians there say the ongoing trade talks leave them with more questions than answers, but they admit it is a good opportunity for some self-reflection as a country.

“It is a general wake-up call about the country,” said Jean Charest, co-chair of the Council of Canada–U.S. relations. “Twenty years from now, we may thank Donald Trump for doing this and allowing us to have a very hard look at ourselves and how we have managed our economy, because it used to be that we could take the Americans for granted. We can’t anymore. And rather than talk about what we’ll do, do it.”

Ag groups warn that the fertilizer markets would see the first impact of a trade war. As a result, Canadian leaders have created a special council.

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“It does not extinguish right away here — in any sort of sense — the real profitability concerns and people’s ability to pay bills and get to the other side of this in the very short term. This is where the skepticism builds.”