Mexican President Enrique Peña Nieto and Prime Minister Justin Trudeau chat with officials at the APEC leaders' summit in Da Nang, Vietnam, in November. Both are leaders of countries that on March 8 are set to sign the 11-country Comprehensive and Progressive Agreement for Trans-Pacific Partnership. PMO photograph by Adam Scotti
Canada is in the middle of various trade talks including with China, Mercosur, ASEAN, India, and NAFTA. Trade experts say it's a key time for Canada to take advantage of talks before the opportunity is lost to gain access to valuable and attractive markets.
The tabling of the budget late last month just happened to coincide with Donald Trump’s latest and arguably boldest protectionist action on the trade front, with the president announcing the U.S. will impose a 25 per cent tariff on steel imports and a 10 per cent tariff on aluminum imports.
Canada is set to start formal trade talks with the South American bloc Mercosur, meanwhile it's ready to sign the revised TPP this week, as Donald Trump says he'll impose tariffs on steel and aluminum imports.
Ports and airports want the federal government to pick up the pace with grant approvals, while the 2018 budget indicates that billions of dollars worth of infrastructure spending planned for this or next fiscal year will instead be delayed to later years.