Consider the cost of inaction. A decade of lost economic growth, fewer jobs, and diminished competitiveness – all because we lacked the leverage to counter these blatantly unfair tariffs. Can we afford that?
Either those tariffs come down quick because we fight back, we massively expand our trading relationships with countries we don’t get along with (China, Russia, India) Erdogan-style, or we experience what could amount to a Great Depression once Trump escalates further again knowing we’re an easy target.
This isn’t the major issue it’s being portrayed as.
Under Canada’s free trade agreements—including those with the WTO, CPTPP, and the European Union—Canada is obligated to allow foreign companies from these partner regions to compete for large government procurement contracts (typically valued at ~$230,000 CAD or more). These agreements ensure fair access without protectionist barriers and, in return, give Canadian companies access to similar opportunities in those markets.
Given this context, it’s not surprising that a significant portion of federal procurement contracts go to companies headquartered in the world’s largest free market economy, the United States. The fact that nearly 25% of federal government suppliers by total contract value being U.S.-based is not unexpected under these trade arrangements.