RRU in the media: Stronger supply chains needed to protect the economy

Canada is safe from Trump’s proposed tariffs for now, but according to Hassan Wafai, associate professor in RRU’s School of Business, a trade war would have catastrophic effects on our economy.  

In a recent opinion piece for The Conversation, co-written by Wafai and Associate Faculty members Juan Navarro and Kimberly Tholl, the researchers discuss the urgent need for Canada to build resilient supply chains to combat the devastating impacts of an immenent trade war.   

Here’s an excerpt from the article:  

“Trump has been a destabilizing force for international trade and free trade agreements, particularly the Canada-United States-Mexico Agreement, which may have a shorter lifespan than initially agreed upon. 

“One of the most effective ways for Canada to strengthen its supply chain resilience is to reduce its heavy trade reliance on the U.S., which can be done through free trade agreements. Despite this, Canada has been slow to diversify beyond the U.S., which remains its largest trading partner, accounting for 76 per cent of exports and 64 per cent of imports.” 

Read the full op-ed in The Conversation.