Part 7/9:
Both Canada and Mexico are caught in a precarious situation. They are also key economically tied to China and face formidable challenges should they decide to ladder up against a giant economy. Bessen's idea of a "Fortress North America" against the tide of Chinese imports seems tantalizing; however, the reality is that both nations have substantial stakes in preserving and nurturing their relationships with China.
As trade tensions mount, Canada and Mexico's hesitance to adopt the U.S. tariff strategies is plausible. While the dialogue continues, both countries will likely weigh their decisions carefully, considering their economic realities and the potential fallout.