The Globe and Mail reports in its Wednesday, July 9, edition that to navigate U.S. President Donald Trump's fluctuating tariff policies, businesses are renegotiating contracts, setting up facilities outside Canada and arranging complex financing to manage rising costs. The Globe's Stefanie Marotta writes that bankers and trade financiers believe that even with a new trade deal, companies will avoid depending solely on the U.S. for their supply chains. Citi director Elizabeth John notes an increased demand from clients for Mexico, the United Kingdom and Europe, stating: "We're not going back to where we were. Risk managers now ask, 'What if our dependence on this counterparty changes economically?'" Ms. John says a client asked Citibank for help establishing cash management services in Britain and Europe, marking a significant shift for the company that usually operated only in Canada and the U.S. U.S.-based Citibank -- which has a physical presence in 94 global markets -- is one of the largest foreign banks in Canada. Canada has long struggled to reduce its reliance on the U.S. Despite having 15 trade agreements with 51 countries, businesses have been hesitant to expand into these markets.