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Resurrect Energy East. Review government regulations. Find new customers for Canadian resources.

With NAFTA under threat by the “whims of a wildly unpredictable president,” it’s time the country examine its own economic options and develop a new strategy, says the head of the Canadian Chamber of Commerce.

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In a blunt speech that laid out the stakes of “the ratcheting up of tensions” between Canada and the United States, chamber CEO Perrin Beatty asserted this country can no longer sit back and worry about the next incoming salvo from Washington.

“When Canada’s economy is under attack by our largest customer and long-standing best friend, it is no longer business as usual,” Beatty told a meeting of the Alberta Chamber of Resources in Calgary on Thursday.

“Simply put, we are in uncharted waters.”

Indeed, we are.

Earlier this month, the U.S. imposed 25 per cent import tariffs on steel and 10 per cent on aluminum from Canada — as well as products from Mexico and the European Union — citing national security as the justification.