US-Canada Cross-Border Issue

  
Trump

  
Harris

  
Energy/ Environment

• Prioritize an expansion of pro-fossil fuel infrastructure, such as pipelines.
• Bolster US energy independence and minimize regulatory constraints on energy projects.
• Less emphasis on collaborative environmental and sustainability initiatives with Canada.

• Strengthen joint efforts on renewable energy development and stricter environmental regulations to reduce carbon emissions.
• Continue emphasis of the Canada-US Energy Transformation Task Force to accelerate cooperation on critical clean energy opportunities, including decarbonizing steel and aluminum.
• Allocate funding to US and Canadian companies to mine and process critical materials for electric vehicles and stationary storage batteries.

  
Infrastructure

• Renegotiate trade agreements to benefit US infrastructure projects and industries.
• Revise and reduce environmental regulations impacting cross-border infrastructure projects.
• Enhance cybersecurity measures and potentially challenge policies or agreements viewed as unfavorable to cross-border digital data flows.

• Prioritize initiatives like joint investments in clean technology and enhanced cybersecurity measures while maintaining a focus on equitable and secure trade practices.
• Advance initiatives to modernize infrastructure to facilitate trade and ensure efficient transportation networks.
• Focus on improving cross-border clean energy infrastructure and electricity transmission.

  
Tax

• Advocate for a more competitive stance on limiting or regulating foreign ownership in key sectors, in alignment with an “America First” agenda.
• Maximize economic growth and investment opportunities, potentially leading to less emphasis on tax policy reforms that could impact foreign carried interest and cross-border financial flows.
• Oppose Canada’s Digital Service Tax (DST).

• Advocate for more stringent reforms on carried interest, aiming to close tax loopholes and ensure that fund managers pay ordinary income tax rates on their carried interest earnings.
• Foster collaboration with Canada on tax policy to enhance mutual regulatory compliance and economic stability.
• Focus on ensuring that multinational corporations pay their fair share of taxes.

  
Trade

• Impose a 10% tariff on all products imported into the US
• Aggressively renegotiate tariff disputes and the USMCA to better align with US economic interests.
• Reduce regulatory constraints and advocate for policies that favor domestic industries, potentially leading to more contentious trade relations.

• Address tariff disputes through diplomatic negotiations, aiming to reduce trade barriers and promote fair trade practices.
• Harmonize regulatory standards to facilitate smoother cross-border trade and investments while supporting policies that address environmental and social concerns.
• Streamline customs and border procedures.

  
Technology

• Push for stronger US regulations and standards for data privacy and protection, potentially including policies that limit data transfers.
• Emphasize aggressive enforcement of US patents and copyrights, potentially seeking greater collaboration with Canada to combat intellectual property theft and counterfeiting.
• Strengthen US defenses against cyber threats and push for enhanced cooperation with Canada on security measures, possibly including joint initiatives to combat hacking and data breaches.

• Advocate for robust, yet harmonized, data privacy and protection standards that balance privacy with the need for cross-border data flow.
• Support enhanced cross-border cooperation to protect innovations and patents, promoting a shared framework that addresses intellectual property theft and fosters innovation in both nations.
• Strengthen US defenses against cyber threats and push for enhanced cooperation with Canada on information sharing and coordinated responses to cyberattacks.