Trump on Thursday exempted goods from both Canada and Mexico under a North American trade pact for a month from the 25% tariffs that he had imposed earlier this week, the latest twist in fast-shifting trade policy that has whipsawed financial markets and business leaders.
It’s what happens when you pursue feels based politics for a decade instead of looking out for national interest. Both Canada and Europe bought into the whole shared values narrative, and are now finding out that their dependence will be exploited by the hegemon.
The US is around 76% exports for Canada accounting for 19% of GDP. Meanwhile, exports from US to Canada account for around 2.7% of the GDP for the US.
RIP Klanada, we hardly knew ye
It’s what happens when you pursue feels based politics for a decade instead of looking out for national interest. Both Canada and Europe bought into the whole shared values narrative, and are now finding out that their dependence will be exploited by the hegemon.