With a second Trump administration on the horizon, Canada is preparing for higher tariffs from their largest trading partner.

Canadian political leaders are congratulating Donald Trump on winning back the U.S. presidency — a victory that raises questions about what Canada-U.S. relations will look like over the next four years.

To that end, Mr. Trump has promised a 10-per-cent to 20-per-cent tariff on all imports into the U.S., and much steeper levies on Chinese goods, Mexican cars and other products he claims are undercutting American manufacturing.

Canadians are watching closely Donald Trump’s political comeback in the United States. Observers say a Trump victory could mean economic instability with hefty tariffs and brash decisions that could destabilize the world stage,