American prices on Canadian products could arrive this weekend, and a University of Guelph The professor said that Canada should use diplomacy with its neighbors to the south.
US President Donald Trump threatened to impose 25% tariffs on Canadian products by February 1.
Sylvanus AFSORGBOR, associate professor in the Department of Food, Agricultural Economy and University Resources, said the prices will have an impact on the country’s economy.
“We must always intensify our diplomatic ties, and we have a lot,” said AFSORGBOR.
Melanie Joly, Canadian Minister of Foreign Affairs, traveled In the United States and Avesorgbor have credited the intensification of government lobbying for prices that have not been imposed.
Canada has responded to the threat of 25% of prices, in particular by strengthening border security to meet Trump’s requests and prepare to impose reprisals.
The federal government also provides a set of recovery for companies if the prices are implemented.
Get daily national news
Get the best news of the day, the titles of political, economic and current affairs, delivered in your reception box once a day.
Avesorgbor said that around 70% of Canada exports go to the United States and that at least 90% of Ontario exports are also sold in the United States, so the sectors that depend more on the US market should receive a rescue package.
When it comes to imposing prices north of the border, however, he said that Canada should be very careful “we do not get into the foot.”
“If we impose reprisal prices on goods from the United States, this is also likely to increase the price, the cost of goods here in Canada,” he said.
Professor U of G added that if the federal government wanted to impose reprisal rates, it must focus on products that can be produced effectively in Canada and be selective on taxing products.
He said that focusing on domestic production will not result in any negative consequences for consumers in higher price terms on these products.
With the price threat a few days, Avesorgbor said that an agreement can be concluded between countries, but Canada must work with the United States
He said Canada should not only use diplomacy, but also look at other emerging and developing markets to sell products, such as Saudi Arabia, China and the United Arab Emirates.
“We must intensify our export diversity. We have to look at other markets where we can be able to sell to minimize any commercial uncertainty that could occur from the United States, “he said.
& Copy 2025 Global News, A Division of Corus Entertainment Inc.