3 days ago · A trade war seemed about to start between the United States, Canada, and Mexico beginning on February 1, 2025, when U.S. president Donald Trump signed orders imposing near-universal tariffs on goods from the two countries to take effect on February 4. The order called for 25 percent tariffs on all exports from Mexico and all Canadian exports except for oil and energy, which would be taxed at ...

2 days ago · TORONTO (AP) — As Canadians absorb U.S. President Donald Trump’s trade war and his threats to make Canada the 51st state, one thing has become abundantly clear: One of the world’s most durable and amicable alliances — born of geography, heritage and centuries of common interests — is broken.. Canadians are feeling an undeniable sense of betrayal after Trump declared a trade war ...

2 days ago · Over the weekend, Mr. Trump signed executive orders approving tariffs on Canada, Mexico and China. The levies of 25 percent on Canada and Mexico were set go into effect just after midnight on Tuesday.

3 days ago · Canada is America's largest foreign supplier of crude oil. According to the most recent official trade figures, 61% of oil imported into the US between January and November last year came from Canada.

4 days ago · Canada is the largest export market for 36 states and is among the top three for 46 states, with 43 states exporting over US$1 billion to Canada every year. On December 17, 2024, the Government of Canada announced Canada’s Border Plan , which aims to bolster border security, strengthen our immigration system, and keep Canadians safe.

Jan 21, 2025 · From the American lens, trade with Canada is balanced . Based on Statistics Canada data, Canada’s merchandise trade surplus with the U.S. last year was on track to reach C$100 billion. That equates to 3.2% of Canadian GDP. The U.S., however, enjoys an edge in services trade, mainly related to Canadians flowing over the American border.

Nov 3, 2023 · Canada is traditionally the top U.S. export market, accounting for 14.2% of all U.S. goods exports in 2022. In 2022, Canada maintained its position as the United States’ top trading partner. Canada and the United States trade over US$2.5 billion in goods and services daily.

Jan 14, 2025 · Canada is the top U.S. partner for trade in goods and services (see Figure 1). In 2023, Canada exported 77% of its goods to, and imported almost half of its goods from, the United States.

Trade is an integral part of the Canadian economy. It represents two-thirds of Canada’s GDP and exports alone support nearly 3.3 million – or 1 in 6 – Canadian jobs. Despite a challenging global environment, 2023 showcased the resilience of Canadian trade.

Mar 21, 2023 · The United States was again Canada’s largest trading partner in 2022, with over $960.9 billion in total trade (on a customs basis), accounting for close to two-thirds (63.4%) of the more than $1.5 trillion in worldwide trade.