If Donald Trump returns to the White House in 2025, Canada needs to prepare to open its wallet wider to NATO, and ask itself it is willing to die on the hill of Supply Management in the dairy sector. In this episode of the CDHI Podcast with Michael Hainsworth, Wilbur Ross, who served in Trump's cabinet as US Secretary of Commerce, shares his insights on how Canada can best position itself amid renewed economic tensions if Trump wins the upcoming election.
If I were Canada," he says, "I would try to do a lot of one-on-one rather than both Canada and Mexico in the room on top of the US."
Ross is clear that Canada should not expect an easy ride. Trump's "America First" policy, he says, isn't "a blind thing" but rather a calculated effort to address perceived unfair trade practices. “All of our trading partners under Trump have to be prepared for the idea that the free rides, the excesses, are going to be attacked,” he warns.
