I share in the relief of Canadians generally that, as reported by CBC News, Trudeau’s meeting with Trump apparently went without incident, with no warnings of threats to Canadian economic interests. (Yet?)
The much-anticipated meeting between Prime Minister Justin Trudeau and U.S. President Donald Trump on Monday did much to assuage fears of Canadian businesses wary of the prospect of a trade war.
After a formal greeting between the two leaders followed by meetings, the White House and the Prime Minister’s Office issued a joint statement on Monday reaffirming the strong bonds between Canada and the U.S.
“No two countries share deeper or broader relations than Canada and the United States,” the statement read, making note of the two countries’ “shared economic interests,” including the $2 billion in trade that flows between the two every day.
That’s a much different tone than the one witnessed on the campaign trail, when Trump repeatedly attacked the North American Free Trade Agreement that governs commerce between the U.S., Canada and Mexico.
Mexico has been the frequent target of Trump’s ire, but Canadian businesses and commentators in Canada had concerns that the new president would also seek to tighten the trading border to the north. Much is written about how key the U.S. is to Canada’s economy, but 32 states claim Canada as their largest export market, shipping $267 billion worth of goods and services north, BMO economist Michael Gregory said.