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

Nuslhiixwta – A Place of Treasures – celebrates new name

After months of thought and deliberation, Healthy Beginnings now has a new name.

It’s the last day to vote in B.C.’s referendum on electoral reform

Ballots must now be dropped off in person to meet the deadline of 4:30 p.m.

North Coast First Nation chief says one major oil spill could ruin economy forever

Chief Marilyn Slett of Heiltsuk Nation near Bella Bella is leading a delegation in Ottawa this week

How to decide what to vote for in B.C.’s referendum on electoral reform

Ballots are due at Elections BC on Friday, Dec. 7, at 4:30 p.m.

Northern Health investigates racist posts of possible employee

Facebook comments call for segregated health authorities

VIDEO: Close encounter with a whale near Canada-U.S border

Ron Gillies had his camera ready when a whale appeared Dec. 7

B.C. judge grants $10M bail for Huawei executive wanted by U.S.

Meng Wanzhou was detained at the request of the U.S. during a layover at the Vancouver airport

Oogie Boogie, Sandy Claws and coffin sleigh part of B.C. couple’s holiday display

Chilliwack couple decorates their house for the holidays using Nightmare Before Christmas theme

First Nation sues Alberta, says oilsands project threatens sacred site

Prosper Petroleum’s $440-million, 10,000-barrel-a-day plans have been vigorously opposed by Fort McKay

North Okanagan site of first RCMP naloxone test project

Free kits, training to be provided to high-risk individuals who spend time in cell blocks

1 arrested after bizarre incident at U.S.-B.C. border involving bags of meth, car crash

Man arrested after ruckus in Sumas and Abbotsford on Thursday night

More B.C. Indigenous students graduating high school: report

70% of Indigenous students graduated, compared to 86% across all B.C. students

2 facing animal cruelty charges after emaciated dog found in B.C.

Amy Hui-Yu Lin and Glenn Mislang have been charged with causing an animal to continue to be in distress

Out of the doghouse: B.C. city lifts ban on pup who barked too much at dog park

Cameron the Shetland sheepdog is allowed back into Uplands off-leash dog park under some conditions.

Most Read