Is trump’s tough talk on trade all bluster_ business leaders shouldn’t wait to find out – politics – cbc news

Donald Trump’s language during his successful presidential bid always bordered on incendiary, whether it was calling his opponent “Crooked Hillary” or dismissing climate change as a Chinese “hoax.”

So it should be no surprise that the president-elect’s choice of words when describing American trade deals resorted to the same excess, overkill and hyperbole.

“NAFTA is the worst trade deal maybe ever signed anywhere,” he said during the first presidential debate in September, saying he would renegotiate the 23-year-old deal or scrap it.

Trump, of course, is now in a position to follow through on that promise as he continues the work of choosing his cabinet and identifying priorities for the new year. Definition of barriers to trade A leaked memo purporting to be from his transition team suggests reforming NAFTA will top the list.

The problem for Canada and Mexico is that Trump’s election posturing, and his efforts to portray NAFTA as a job-bleeding, company-closing failure signed by Hillary Clinton’s husband when he was president, is based on a combination of overstatement and misinformation.

Prime Minister Justin Trudeau’s already expressed a willingness to reopen NAFTA — a statement that earned him an immediate rebuke from the Conservatives who argued he weakened Canada’s bargaining position.

“It was an incredibly foolish and naive move on the part of the prime minister,” Conservative House leader Candice Bergen told the Commons on Thursday.

“Although the president-elect has promised to tear up this important agreement, everyone knows his issues are with Mexico, not Canada. Trade standards definition So why would the prime minister wave the white flag, say he would open up the agreement and put so many jobs in jeopardy?”

Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto walk down the Hall of Honour on Parliament Hill. Fair trade definition and principles Canada and Mexico reached out to each other last week while preparing similar public messages about being willing to engage Trump in discussing amendments to NAFTA. Definition on trade (Sean Kilpatrick/Canadian Press)

The government’s response is that it’s smarter to be proactive, especially when so much of what Trump has said, and the positions that he’s taken during the campaign, lack real definition.

The truth is NAFTA has been modified a number of times over the past two decades to reflect changing realities. Global trade definition To do so again is hardly giving away the farm.

“The Canada-U.S. American foreign trade definitions trade relationship is a success story,” says Adam Taylor, an advisor to former Conservative trade minister Ed Fast, who now leads the trade practice at public affairs firm Ensight.

“Canadian and American businesses need to continue to show that it’s a win-win on both sides of the border.” Multibillion-dollar relationship

The two countries exchange nearly $1.6 million in goods and services every minute. By trade definition And in response to Trump’s assertion that he wants trade deals that benefit American workers, nearly nine million jobs in the U.S. Definition of trade in directly depend on trade and investment with Canada, according to the Canadian government.

Oh yeah. Foreign trade zone definition And Canada is the No. Trade journals definition 1 trading partner of 35 U.S. Domestic trade definition states, ranging from Florida to Colorado to every single border state, with the exception of Washington.

From left: Former presidents Gerald Ford, Bill Clinton, Jimmy Carter and George Bush applaud after the signing of side agreements to NAFTA on Sept. Economic trade definition 14, 1993 in Washington, D.C. Trade finance definition pdf (Luke Frazza/AFP/Getty)

The Trudeau government crafted a series of post-election scenarios — including a Trump win with the Republicans retaining control of both houses of Congress — that include ways to modernize NAFTA, from improved protection of intellectual property to making it easier for professionals to work in the three member countries.

In the meantime, Canada continues trade talks with other countries, including Japan and other countries who signed the Trans-Pacific Partnership, in anticipation that Trump will carry through with his threat to withdraw support for the Pacific Rim trade pact.

And the prime minister will have a chance to exchange views with some of the other TPP leaders at this weekend’s APEC summit in Peru — a free trade of ideas in how to respond to a president-elect who promises to “make America great again” at the expense of its trading partners.

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