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Wednesday, October 7, 2009

Canada’s biggest problem? America

Canada’s biggest problem? America - World - Macleans.ca: "But it was just one more high-profile imbroglio between the two countries that may have left many Canadians asking the question: is America Canada’s biggest problem?

Jason Myers, the president of the Canadian Manufacturers and Exporters, calls growing American protectionism “the hottest issue for us.” He is not only concerned about new rules that affect us directly, but also those aimed at other countries that lead to problems for Canada. For example, when Obama announced in September that the U.S. would impose tariffs on tires from China, Myers worried that any Chinese retaliation against the U.S. auto industry would hurt Canadian businesses, too, because that sector is so integrated in North America. “We just see a whole lot of areas where the U.S. is becoming more closed, protectionist and isolated in terms of trade,” Myers says. “It’s not just that it’s our biggest market, but we make things together. We are part of an integrated supply chain. It has far-reaching impacts throughout industries.”"

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