See every side of every news story
Published loading...Updated

Canadian companies diversify trade during US tariff war but experts see limits

CANADA, JUL 09 – Exports to non-U.S. markets rose 42% amid tariffs, yet Canada’s reliance on the U.S. remains at 68% of total exports, experts say diversification has limits.

  • Canadian companies diversified exports during 2024-2025, reducing U.S. market share but not replacing it entirely.
  • This shift followed President Trump's steel, aluminum, and car tariffs imposed between March and April 2024.
  • Exports to the U.S. declined from previous levels to represent 68% of Canada’s total exports, while shipments to key allies such as the UK saw significant growth.
  • Stuart Bergman said, "This is a good thing for Canadian diversification," though reliance on U.S. trade remains due to interlinked supply chains.
  • Despite export growth elsewhere, economists warn Canada faces limits in diversification and may remain vulnerable to U.S. policy shifts.
Insights by Ground AI
Does this summary seem wrong?

Bias Distribution

  • 50% of the sources lean Left, 50% of the sources are Center
50% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

The Independent broke the news in London, United Kingdom on Wednesday, July 9, 2025.
Sources are mostly out of (0)