Why Trump’s 20% Import Tax May Be a Gift to Canada

The video discusses the potential impact of Trump's proposed tax on Canada's oil industry, highlighting how it could benefit Canadian crude producers competing with Mexican suppliers in the US market. It explores Canada's reaction to Trump's policies, noting that Canada is not the primary target due to its trade deficit with the US and similar economic structure. The video also addresses Prime Minister Trudeau's silence on the issue and the Canadian government's strategy to mitigate potential losses from a NAFTA renegotiation, emphasizing Canada's willingness to engage in bilateral talks, potentially excluding Mexico.

What stance has Prime Minister Trudeau taken in response to the recent tensions between the US and Mexico?

What did the Canadian ambassador suggest regarding the renegotiation of NAFTA?