Overview

• Trump's proposed 25% tariffs on Canadian goods, delayed by 30 days after border security concessions, remain a significant threat to Canada’s economy.
• Canada has imposed retaliatory tariffs on U.S. imports and is intensifying efforts to diversify trade with Europe and Asia to reduce reliance on the U.S.
• The 'Buy Canadian' movement is growing, with increased domestic product sales and a sharp decline in Canadian travel to the U.S., impacting American industries.
• Economic disruption from the trade conflict, including job losses and manufacturing slowdowns, has prompted calls for innovation and internal market strengthening in Canada.
• The upcoming Canadian federal election on April 28 is heavily shaped by the trade conflict, with political leaders focusing on economic independence and sovereignty as key issues.