Total U.S.–Canada trade in goods and services is approximately $880 billion annually
Approximately $2.6 billion to $3.6 billion CAD/USD equivalent in trade moves across the 5,525-mile U.S./Canada border per day
Canada’s tariffs target swing states ahead of the midterm elections
Canada is a necessary trading partner in the U.S. supply chain. History was made when U.S. President Donald Trump announced he would invoke the never-used Great Depression tariff, Section 338 of the Trade Act of 1930. The Smoot-Hawley Tariff allows the president to impose additional tariffs of up to 50% on goods from countries that discriminate against U.S. commerce.
Both the U.S. and Canada are targeting highly sensitive economic sectors.
Canada is hitting hard at swing states ahead of the midterm elections. The country’s strategy is targeting U.S. sectors: steel, agricultural equipment, household appliances, consumer and commercial electronics, dairy, and pulp and paper.
The United States has taken a broader approach but thankfully has omitted key items to keep the U.S. supply chain and energy moving.
