Finally, Canada is taking action on trade reliance with the U.S.: Will it be enough?
Walid Hejazi is a professor of economic analysis and policy at the University of Toronto's Rotman School of Management.
During Donald Trump's first term as president, it was clear that his approach to trade was anything but conventional. His broader tariff strategy, particularly against China, signaled a new era of economic nationalism. It seemed that free trade and the liberal order that characterized the post-Second World War era was coming to an end.
When Joe Biden took office in 2020, protectionism didn't disappear, it just became more polite. Now, with Trump back in the White House in 2024, it is clear the era of free trade has ended.
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