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Canada Begins to Diversify Its Trade, but U.S. Tariffs Still a 'Heavy Weight'

  • Canada is starting to diversify its trade, but U.S. tariffs are still a 'heavy weight' on its economy.
  • The United States remains Canada's largest export market, accounting for more than two-thirds of exports.
  • Kaushik noted that the desire to diversify from the U.S. may take months or years to achieve.
  • While the worst of the trade issues may be over, the trade environment remains highly uncertain, indicating that challenges will likely continue.
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Canada begins to diversify its trade, but U.S. tariffs still a 'heavy weight'

Canada's efforts to broaden trade beyond the United States appear to be bearing fruit, but economists warn it will be a long road before Canadian exporters settle at a new status quo.

·Kelowna, Canada
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  • 57% of the sources lean Left
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insidetrade.com broke the news in on Thursday, July 3, 2025.
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