TRUMP SAID HE IS DIRECTING THE GENERAL SERVICES ADMINISTRATION (GSA) AND U.S. TRADE REPRESENTATIVE (USTR) TO REMOVE CANADIAN-ORIGIN PRODUCTS FROM GSA'S MULTIPLE AWARD SCHEDULES, A PROCUREMENT SYSTEM WORTH MORE THAN $50 BILLION ANNUALLY. - TRUTH SOCIAL

Former President Trump's directive to the GSA and USTR to remove Canadian-origin products from federal procurement schedules, a system valued over $50 billion, signals a potential re-escalation of protectionist trade policies if he were to regain office. This action would transmit through a supply chain disruption mechanism, directly impacting Canadian exporters reliant on U.S. government contracts and potentially broader bilateral trade flows. Assets most exposed include Canadian industrial and manufacturing sectors, particularly those with significant U.S. government contract exposure, and the Canadian dollar, which could face depreciation pressure due to reduced export demand. Traders will closely monitor any official policy proposals or statements from the Trump campaign regarding trade policy specifics, especially concerning NAFTA/USMCA renegotiation, as the U.S. election cycle progresses.

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