{"id":37018,"date":"2023-08-01T16:23:31","date_gmt":"2023-08-01T16:23:31","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/08\/01\/friendshoring-offers-canada-both-risks-and-opportunities-in-trade\/"},"modified":"2023-08-01T16:23:31","modified_gmt":"2023-08-01T16:23:31","slug":"friendshoring-offers-canada-both-risks-and-opportunities-in-trade","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/08\/01\/friendshoring-offers-canada-both-risks-and-opportunities-in-trade\/","title":{"rendered":"Friendshoring offers Canada both risks and opportunities in trade"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<h2 class=\"visually-hidden\">Breadcrumb Trail Links<\/h2>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\"> News <\/li>\n<li class=\"breadcrumbs__item\"> Economy <\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\"> Canada should tread carefully when implementing a friendshoring policy, Conference Board says <\/p>\n<div class=\"article-meta\">\n<p> <span class=\"published-date__since\">Published Aug 01, 2023<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">3 minute read<\/span> <\/p>\n<\/p><\/div><\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/07\/trade-vw0801.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=webp&amp;sig=Def5k8ccfE883gSYjdZMHA,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/07\/trade-vw0801.jpg?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=webp&amp;sig=oaqpHOQ_cnthfBRoFQHgqw 2x\" type=\"image\/webp\"\/><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/07\/trade-vw0801.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=jpg&amp;sig=R9VzB_qgbHfxqI52-vJ4DA,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/07\/trade-vw0801.jpg?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=jpg&amp;sig=TOfEJD0SuVX5Ow3eMqPqSQ 2x\" type=\"image\/jpeg\"\/><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/07\/trade-vw0801.jpg?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=webp&amp;sig=BfEOvcldp5ei5IVCXJdKOA,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/07\/trade-vw0801.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=webp&amp;sig=zEZLUuO5gO3gOsQb1Fu8lg 2x\" type=\"image\/webp\"\/><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/07\/trade-vw0801.jpg?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=jpg&amp;sig=c582JYpxFkDRhun0g33ivw,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/07\/trade-vw0801.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=jpg&amp;sig=2pMRNezsVKy79yMKOwFVkQ 2x\" type=\"image\/jpeg\"\/><source media=\"(max-width: 767px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/07\/trade-vw0801.jpg?quality=90&amp;strip=all&amp;w=288&amp;h=216&amp;type=webp&amp;sig=Xxv08nEdg7JCi0C3Bit37g,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/07\/trade-vw0801.jpg?quality=90&amp;strip=all&amp;w=576&amp;h=432&amp;type=webp&amp;sig=kORp6q20B-JQzQpxlt6VtA 2x\" type=\"image\/webp\"\/><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">Cargo containers are unloaded at the Port of Vancouver in April. <\/span> <span class=\"credit\">Photo by Darryl Dyck\/The Canadian Press<\/span> <\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">Canada should tread carefully when implementing a \u201cfriendshoring\u201d policy, according to a new assessment from the Conference Board of Canada that points out the potential economic pitfalls of attempting to reshape trade patterns.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group 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class=\"col-xs-12 col-sm-10 col-md-10\"> <img loading=\"lazy\" decoding=\"async\" alt=\"Financial Post\" class=\"market-logo\" height=\"37\" src=\"https:\/\/dcs-static.gprod.postmedia.digital\/14.0.2\/websites\/images\/identity\/logo-identity-fp.svg\" width=\"280\"\/><\/p>\n<div class=\"intro-body__premium hidden\">\n<h2>THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/h2>\n<p class=\"identity-intro__description\">Subscribe now to read the latest news in your city and across Canada.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.<\/li>\n<li>Daily content from Financial Times, the world&#8217;s leading global business publication.<\/li>\n<li>Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment 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class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div><\/div>\n<\/header>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>As geopolitical upheaval, led by China\u2019s economic and authoritarian policies, the United States\u2019 increasingly protectionist trade measures and Russia\u2019s invasion of Ukraine, threatens supply chains around the world, the Canadian government, like many others, has been looking to enhance ties and trade with safe or friendly nations.<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">But governments need to establish firm goals and understand the downsides as well as the opportunities, the think tank said in a July 31 report.<\/p>\n<p>\u201cNo matter what policies are implemented, friendshoring will likely result in tit-for-tat trade wars, higher production costs, and an erosion in the purchasing power of Canadian households,\u201d the report said.<\/p>\n<p>The Conference Board said embarking on proper strategy planning is especially important for Ottawa as economies strive to hit net-zero goals. Escalating threats from climate change offer economic opportunity, since the country possesses critical minerals key to the transition away from fossil fuels. The most recent federal budget highlighted friendshoring as a way of sharing those resources with allies<strong>.<\/strong><\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot13 article-content__widget-group--newsletter-slot\">\n<section aria-labelledby=\"FinancialPostTopStories3971269244596322205219727184232448\" class=\"newsletter-widget fp-headlinenews background--primary-light-gradient\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_HeadlineNews\" data-widget=\"newsletter\"><img decoding=\"async\" alt=\"Financial Post Top Stories Banner\" class=\"newsletter-widget__banner\" height=\"60\" loading=\"lazy\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/dcs-media\/images\/2023\/2\/3\/1675439373753-fp-topStories-signupBanner-01302023.jpg\" width=\"97\"\/><\/p>\n<div class=\"newsletter-widget__body\">\n<h2 class=\"newsletter-widget__title\" id=\"FinancialPostTopStories3971269244596322205219727184232448\">Financial Post Top Stories<\/h2>\n<p class=\"newsletter-widget__text\">Get the latest headlines, breaking news and columns.<\/p>\n<div class=\"js-replace-main\">  <small class=\"newsletter-widget__disclaimer text-size--micro\"> By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 <\/small> <\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_HeadlineNews\">\n<h3 class=\"newsletter__feedback--heading\">Thanks for signing up!<\/h3>\n<p class=\"newsletter-widget__text\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text newsletter__feedback--last\">The next issue of Financial Post Top Stories will soon be in your inbox.<\/p>\n<\/p><\/div>\n<p class=\"newsletter-widget__text js-submit-error\" hidden=\"\" id=\"submitErrorFP_HeadlineNews\"> We encountered an issue signing you up. Please try again <\/p>\n<\/p><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment2001378151348827007233209577504768\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>Yet, a concrete definition of friendshoring remains hazy, which introduces risks for policymakers. For example, countries Canada deems friendly now can change abruptly, as illustrated by heightened tensions with China after the arrest of Huawei Technologies Co. executive Meng Wanzhou in 2018. There is also little consensus among policymakers on the right policy strategies to implement, as well as which goods should have their supply chains reconfigured in the name of friendshoring, the report said.<\/p>\n<p>The policy may also pose economic risks. As it stands, two-thirds of gross domestic product comes from international trade and if foreign countries impose sanctions in response to friendshoring policies, severe consequences can ensue. Such consequences were evident when China slapped tariffs on Canadian wheat and canola in 2019, sending prices plummeting.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment7351045585239706588390058694279168\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>Recent efforts by Canada to revamp its trade plan have drawn criticism. Carlo Dade, a trade director at think tank Canada West Foundation, said the government\u2019s allocation of trade funds in its most recent budget implies its priorities are misplaced.<\/p>\n<p>\u201c(Ottawa) put more money in the last budget to improve ferry service in Eastern Canada than they put in for the national gateway and corridor funds,\u201d Dade said.<\/p>\n<p>Other countries have taken bigger steps to shore up global trade in the midst of geopolitical headwinds, and are moving toward friendshoring and more protectionist policies. For example, in the U.S., President Joe Biden has allocated more than US$369 billion in tax credits and other incentives under the Inflation Reduction Act to support homegrown supply chains in green manufacturing and technology, along with the renewable, critical mineral and electric vehicle industries.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment2321011705979460962437335305158656\" class=\"ad\">\n<p>Advertisement 5<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>Canada has yet to announce a policy of similar magnitude, though it recently offered up to $30 billion in incentives to secure the country\u2019s first electric vehicle (EV) battery plant as it seeks to build out its own net-zero supply chain.<\/p>\n<p data-async=\"\">The Conference Board said Canada has already taken a friendshoring approach to trade by looking to partner with Asia-Pacific countries as it attempts to wean itself off of China.<\/p>\n<p>Still, the Conference Board said the country has more work to do if it wants to make friendshoring a vital part of its trade strategy.<\/p>\n<section aria-labelledby=\"moreTopicLabel771983558228527162551376476635136\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\"> <button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/> <\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li class=\"more-topic__item\" data-carousel-item=\"\">  <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Deputy Prime Minister Chrystia Freeland is being urged to create an industrial policy framework for the green economy.\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/chrystia-freeland-vw0321.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=rqKIs42BYdLlhNPs-cRjQw\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/chrystia-freeland-vw0321.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=rqKIs42BYdLlhNPs-cRjQw,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/chrystia-freeland-vw0321.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=MCbOaO-ByXy7H_A2m0Jl3w 2x,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/03\/chrystia-freeland-vw0321.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=6aj3pLvxsrM8aG5R75sbfA 3x\" width=\"96\"\/><\/picture>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> Industrial policy is back in vogue <\/span> <\/h3>\n<\/li>\n<li class=\"more-topic__item\" data-carousel-item=\"\">  <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Chinese and Canadian national flags are seen during an exhibition in Shanghai, China.\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/11\/canada-china-trade-vw1128.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=V15VXHPaP56RpYId_5UvKA\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/11\/canada-china-trade-vw1128.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=V15VXHPaP56RpYId_5UvKA,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/11\/canada-china-trade-vw1128.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=A5tl6kp3TpJSyLFv0A1pQg 2x,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/11\/canada-china-trade-vw1128.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=qY_UFCRZcLSQCW2WivS6_A 3x\" width=\"96\"\/><\/picture>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> Businesses relieved as Asia strategy leaves room for China <\/span> <\/h3>\n<\/li>\n<li class=\"more-topic__item\" data-carousel-item=\"\">  <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Janet Yellen, U.S. treasury secretary, and Chrystia Freeland, deputy prime minister and finance minister, in Toronto, on June 20.\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/06\/freeland-yellen-vw0630.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=bNOPzN_PMtx0tewU5wjXuA\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/06\/freeland-yellen-vw0630.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=bNOPzN_PMtx0tewU5wjXuA,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/06\/freeland-yellen-vw0630.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=-HAsJbrfRnCD9Qff0e9lMw 2x,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/06\/freeland-yellen-vw0630.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=bPvN-E-uBZ02voWmVXIQLw 3x\" width=\"96\"\/><\/picture>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> Freeland\u2019s embrace of \u2018friendshoring\u2019 fraught with problems <\/span> <\/h3>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/> <\/section>\n<p>\u201cIf Canada wishes to pursue a friendshoring agenda, more research is required to identify what traded goods are critical to our national interest and economic success,\u201d the report said.<\/p>\n<p data-async=\"\"><em>\u2022 Email:\u00a0bbharti@postmedia.com\u00a0| Twitter:\u00a0<a class=\"twitter-follow-button\" data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{\" control_fields=\"\" link=\"\" href=\"https:\/\/twitter.com\/biancabharti\" rel=\"nofollow noopener\" target=\"_blank\">biancabharti<\/a><\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt=\"beforeunload\" data-evt-typ=\"page_scroll\" data-evt-val=\"{\" control_fields=\"\">\n<h2 class=\"visually-hidden\">Share this article in your social network<\/h2>\n<\/section>\n<div aria-label=\"Article Comments\" class=\"article-content__widget-group article-comment\">\n<section class=\"comments__section\" data-aqa=\"viafoura-comments\" id=\"comments\">\n<h3 class=\"widget-title comments-anchor\" id=\"comments-area\">Comments<\/h3>\n<p class=\"comments__section-disclaimer\"> Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications\u2014you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings. <\/p>\n<details class=\"expansion-panel comments__section__list\">\n<summary class=\"expansion-panel__summary\">\n<h4 class=\"expansion-panel__summary-label\"> <span aria-hidden=\"true\" class=\"article-card__comment-icon\"> <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" fill=\"none\" height=\"16\" viewbox=\"0 0 20 20\" width=\"16\"><path d=\"M19.99 2C19.99 0.9 19.1 0 18 0H2C0.9 0 0 0.9 0 2V14C0 15.1 0.9 16 2 16H16L20 20L19.99 2Z\" fill=\"#555555\"\/><\/svg><\/span> <span>Join the Conversation<\/span> <\/h4>\n<\/summary>\n<\/details>\n<\/section>\n<\/div><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>\n<br \/>Friendshoring offers Canada both risks and opportunities in trade<\/a><br \/>\n<br \/>2023-08-01 16:23:31<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Economy Canada should tread carefully when implementing a friendshoring policy, Conference Board says Published Aug 01, 2023 \u00a0\u2022\u00a0 3 minute read Cargo containers are unloaded at&#8230;<\/p>\n","protected":false},"author":2,"featured_media":37019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-37018","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/37018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=37018"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/37018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/37019"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=37018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=37018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=37018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}