Impacts of U.S. Elections on Trade Relations

The upcoming U.S. presidential election significantly influences the trade and investment relations of its neighboring countries, Canada and Mexico. Both countries are closely monitoring candidates' positions, as the result will greatly affect their economies and bilateral trade dynamics. For instance, a potential Trump presidency may impose stricter measures, impacting logistics and increasing the time and cost for goods crossing the border, while a Harris administration might promote more favorable immigration and trade policies. Understanding these dynamics is crucial, as Canada and Mexico rely heavily on trade with the U.S., with bilateral trade amounts reaching hundreds of billions.