Canada has been caught between its two largest trading partners as the U.S. and China remain locked in a trade war that's lasted more than a year.
There is no question that Washington is putting very heavy pressure on Ottawa to ban Huawei in our 5G system.Canada has been caught between its two largest trading partners as the"Under the Trudeau government, Canada has been trying not to pick sides, even though Canada and the US are close allies, in military and economic terms. Canada sees China as a growing power that it needs to engage, which makes it hard to navigate the current imbroglio," Ong told CNBC via email.
"The US-China trade war makes things more difficult for Canadian policy makers," said Robert Fay, director of global economy at the Centre for International Governance Innovation in Canada. "It's not about 'picking sides' – rather it is about making sure that Canadian businesses have access to many markets for their products and services," Fay told CNBC in an email.The U.S. is Canada's top trading partner, with goods and services trade between the two countries totaling an estimated $714.1 billion in 2018,. Canada was America's third largest supplier of goods imports last year, the USTR said.
Trump's protectionist stance on trade has hit countries in Europe as well as Mexico, Japan and China. Canada has not been spared either.tariffs on Canada last summer. , paving the way for the United States Mexico Canada Agreement — an updated version of the the 25-year-old NAFTA deal. Still, their bilateral trade ties remain contentious.
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