The administration of President Joe Biden is expected to bring more stability to trade relations with the United States than there was under Donald Trump. But that doesn’t mean it will be smooth sailing for Canadian companies.
Noting that Canada has many of the rare earths minerals needed for car batteries and solar panels, Prime Minister Justin Trudeau said it was important for the U.S. to have “a secure supply from a friend and an ally”.
In the past six months, three global automakers have announced big electric vehicle investments in Ontario. There is also the thinking that with a Democratic U.S. President in Joe Biden the two countries can work together on green initiatives.
Rules meant to protect the general public against COVID-19 have also formed a border wall of sorts between Canada and the United States, two countries trying to continue business as usual as best as possible.