Canadians and Mexicans nervously watch the US election

Published On Oct 21, 2024, 7:02 PM

As the US presidential election approaches, both Canadians and Mexicans are closely following the situation, as the outcome could significantly influence trade relations with the US. A potential Trump victory could lead to stringent import tariffs, impacting trade with both countries, whereas a win for Kamala Harris is expected to maintain the current open trade policies. Notably, trade between the US and Mexico was valued at $807 billion last year, while trade with Canada reached $782 billion. Concerns about tariffs and their economic implications are prevalent among business owners and farmers near the US borders, raising fears about the future of mutual trade relations, especially in light of pending USMCA renegotiations in 2026.