The Globe and Mail reports in its Saturday edition that Canadian exporters are seeking to hedge against the risk of a trade war with the U.S. The Globe's Mark Rendell writes that Donald Trump has threatened to impose a 25-per-cent tariff on all imports from Canada and Mexico. While financial markets are dubious about these tariffs, exporters are acting quickly to minimize potential exposure ahead of inauguration day on Jan. 20. Deloitte's Jim Kilpatrick says: "The good news here is every crisis has a bit of a warning shot, so it's not like we're blindsided. We have a few months to actually play out the scenarios." Canadian Manufacturers and Exporters head Dennis Darby notes that some U.S. companies are doubling orders from Canadian suppliers, but it is too early to determine if this is a broader trend. Looking beyond Canada, there are indications that freight shipments to the United States are gaining momentum, particularly from China. However, Descartes Systems Group head Ed Ryan notes that it is difficult to determine the exact factors driving this trend. He says: "My gut is that it's probably more related to how they think the Christmas season is going to go. But you might see people start to react to these tariffs."
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