One of them is that nobody knows what U.S. President Donald Trump would do after striking the death blow. The second possibility — the one that Canadian companies are planning and bracing for — is that Trump decides to kill the Canada-U.S. deal as well. The first possibility is that Trump allows the Canada-U.S. Free Trade Agreement, which NAFTA replaced in 1994, to come back into effect. After shipping goods south without these added costs for a quarter-century, Canadian companies would suddenly have to figure out how to be profitable and globally competitive with them in place. For many Canadian companies, then, the MFN rates would be a difficult but surmountable obstacle.

Source: thestar November 17, 2017 23:23 UTC