A former economic adviser to U.S. President Donald Trump says Canada should begin reviewing the North American free trade deal with the United States as soon as possible, while Trump denies he's using tariff threats to force a renegotiation.

Canada typically sells more goods and services to the United States than it buys, an issue — or non-issue, according to economists — that dates back decades.

The Canadian candidate for prime minister said she believes Trump is smart and is threatening to impose tariffs on allies in part to pave the way for tougher policies on China.

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

His efforts to “repel the disastrous invasion of our country” by migrants and drugs from Mexico and Canada may soon include stemming the passage of cars. A promise to impose sweeping tariffs on “day one”,

The president wants to begin renegotiating a U.S. trade deal with Canada and Mexico earlier than a scheduled 2026 review, people familiar with his thinking said.

Bonta, who like Trump is a Republican, told The Times that he does not oppose tariffs in general, but wants to see the Trump administration deploy them judiciously.

While much about the threatened tariffs is still unclear, experts predict they would be bad news for all three economies, with few winners.

President Trump is using the threat of stiff tariffs on goods from Canada and Mexico to pressure the two nations to start renegotiating a continental trade deal.

Jan. 18—"I don't think there's been a crisis like this since the War of 1812" If President-elect Donald J. Trump sticks to his plan, Canada could be slapped with a 25% import tax on all goods it sends to the United States come Monday.

The looming tariffs against Canadian and Mexican exports to the United States are not just another round of trade skirmishes. They may well signify the beginning of the end for Bretton Woods-era multilateralism,

Jonathan Levin is a columnist focused on US markets and economics. Previously, he worked as a Bloomberg journalist in the US, Brazil and Mexico. He is a CFA charterholder.