President-elect Donald Trump described his meeting with Canadian Prime Minister Justin Trudeau as productive, with Trudeau committing to working together to address the drug crisis and prevent the imposition of harsh tariffs. Trump emphasized the importance of cooperation between the two countries in combatting the drug epidemic and ensuring a strong economic relationship moving forward. The leaders’ discussions focused on key issues affecting both nations, highlighting the need for collaboration and mutual understanding in addressing shared challenges.
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Trump could crush Canada's softwood exports. Here's how a new crisis could play out
Canadian exporters face rising anxiety as the U.S. threatens to significantly increase softwood lumber duties, potentially from 14% to 34%, amid a national security investigation. While Canadian firms, like Canfor, brace for higher tariffs, they have expanded production capacity in the U.S. to mitigate risks, but American producers seek to limit Canada's market share further and push for tariffs that could bolster U.S. production. Explain It To Me Like I'm 5: The ongoing trade tensions...
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