Business Planning in the Face of a Trade War
Canada, and more acutely, the Province of Ontario, is poised to enter a trade-war with the United States over the extent of Buy American policies and the threat of their imposition. At a time when the foundational trade agreement outlining cross border business in North America is being renegotiated, Ontario’s Premier Kathleen Wynne and US Commerce Secretary Wilbur Ross have been exchanging threats while assuring all who’ll listen that nobody wants a trade war between Canada and the United States. The stakes are high for Ontario, as they are for many American states. Believe it or not, Ontario runs a trade deficit with the US. We import more from America than we send down. Last year alone, Ontario exported over $166,178,161,000 worth of goods to the United States while we imported goods worth total of $189,068,119,000. That left Ontario with an approximately $22 billion trade deficit. If measured simply dollar […]