U.S. midterms bring new sources of trade uncertainty for Canada

Experts says the Democrats’ majority victory in the House of Representatives means ratification

Canadians are inspecting the fresh U.S. political landscape following midterm election results that many believe have added fresh trade-related uncertainty.

Experts says the Democrats’ majority victory Tuesday in the House of Representatives means the ratification of the recently struck United States-Mexico-Canada deal, known as USMCA, will likely have to wait well into 2019.

Trade expert Lawrence Herman says he expects the pact to eventually gain approval — but he warns there’s a risk the agreement-in-principle could crumble, especially if Democrats decide the deal’s passage isn’t politically advantageous for their party.

READ MORE: Democrats come on strong in House races, but Republicans make Senate inroads

Either way, Herman says Canadian businesses now face new unknowns as they try to make export and investment decisions.

Canada will also scrutinize the midterm results for other cross-border impacts, including the fate of the Trump administration’s painful tariffs on steel and aluminum imports from north of the border.

Unifor president Jerry Dias, whose union represents auto workers, says now that the midterms are over Canadian MPs from all parties must apply more pressure to secure the removal of unjust tariffs he argues were imposed to score political points with the Republican base.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Renowned kids performer coming to Wetaskiwin

Fred Penner’s free show will be in the Drill Hall Mar. 16

UPDATE Police find missing 81 year old Thorsby man safe and sound

UPDATE Thorsby RCMP announce Jan. 23 Alvin Carlson found

In Wetaskiwin, Angus Watt says no, we’re not heading into recession

Wetaskiwin Chamber of Commerce speaker says economy was down but not out

County resident’s subdivision halted by Alberta Transportation

Provincial department has problem after approving ASP, re-zoning

Respect for pedestrians seems to be thing of the past

Latest death in Edmonton was large truck hitting person in wheelchair

Canada’s archive buys rare book that hints at Nazi plans for North America

The 1944 book may have served as a blueprint for a Nazi purge

Eckville man charged with making child pornography

ICE Unit arrested the man on Jan. 10, he was again arrested by Sylvan Lake RCMP on Jan. 18

New food guide addresses ‘elephant’ in the room – alcohol

Experts welcomed the tougher stance on an issue they say demands a co-ordinated strategy

Cannabis sales up 25% in November as overall retail sales fall 0.9%

Cannabis store sales totalled $54 million in the first full month of legal recreational pot sales

Red Deer RCMP arrest eight in stolen vehicle operation

During the project, six stolen vehicles were located and recovered

$20K pay gap between women, men in Canadian tech jobs

The report defines tech workers as people either producing or making extensive use of technology, regardless of industry

Catholic student says he didn’t disrespect Native American

Many saw the white teenagers, who had travelled to Washington for an anti-abortion rally, appearing to mock the Native Americans

Top Canadian athletes inducted into the Canada Games Hall of Honour

Athletes doing incredible things for communities are inducted into Hall of Honour, says Games CEO

New Canada Food Guide nixes portion sizes, promotes plant-based proteins

Guide no longer lists milk and dairy products as a distinct food group

Most Read