CIBC on US Elections and What's at Stake for Trade Policy Between US, Canada

MT Newswires09-11

Trade policy is now front and center in the United States presidential election, particularly for observers in Canada, said CIBC. Should he win, former President Donald Trump is promising a turn ...

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His contender, Vice President Kamala Harris, has come out against a broad increase in tariffs,but hasn't been critical of the existing protectionism when. it comes to China, and her record as a senator shows a tilt. A lot is at stake for Canada, but the bank sees reasons to hope that the country will steer clear of some of the darker scenarios out there.There is reason to suspect that, should Trump win, an all-. out trade war, which won't be in the US interest, is less likely to be the end game for US policy, stated CIBC. Widespread tariffs. would hurt US consumers, risk retaliatory actions by its trade partners that would impede US exports, and slow global growth.In either case, preserving the trade access provided under the USMCA deal will be important in givin","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","CM":"加拿大帝国商业银行"},"translate_title":"加拿大帝国商业银行谈美国选举以及美国和加拿大之间贸易政策的利害关系","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CM":0.9},"content_text":"Trade policy is now front and center in the United States presidential election, particularly for observers in Canada, said CIBC. \n\n Should he win, former President Donald Trump is promising a turn towards increased protectionism. His contender, Vice President Kamala Harris, has come out against a broad increase in tariffs,\n but hasn't been critical of the existing protectionism when\n it comes to China, and her record as a senator shows a tilt\n towards tougher environmental standards in trade deals. \n\n A lot is at stake for Canada, but the bank sees reasons to hope that the country will steer clear of some of the darker scenarios out there.\n\n There is reason to suspect that, should Trump win, an all-\n out trade war, which won't be in the US interest, is less likely to be the end game for US policy, stated CIBC. Widespread tariffs\n would hurt US consumers, risk retaliatory actions by its trade partners that would impede US exports, and slow global growth.\n\n Even so, for Canadian exporters, the outlook still looks to be less concerning, with fewer downside risks, with a Harris electoral victory, pointed out the bank. \n\n In either case, preserving the trade access provided under the USMCA deal will be important in giving Canada a role as a supplier to the US economy as the re-globalization process continues to take shape, concluded CIBC.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2466699314"}