Donald Trump's tariffs are intended to protect US industries.
However, economists warn that these tariffs could lead to higher consumer prices.
Since the tariffs are paid by US companies importing goods, businesses may either pass the costs on to consumers or reduce imports, potentially limiting product availability.
Canada's total trade figures with the United States added up to almost a TRILLION dollars during 2023.
This country is the largest supplier of crude oil to the US, averaging more than 3.8 million barrels per day, or 60% of US crude oil imports.
In fact, the US imported nearly 3.9 million barrels of crude oil from Canada every day in 2023. This was a slight increase compared to the previous year, according to data from Statista.
Then in July 2024, US imports of crude oil from Canada reached a record 4.3 million barrels per day following the expansion of Canada's Trans Mountain pipeline.
Canada also supplies the United States with a lot of electricity... and if we cut that off.. THE EASTERN SEABOARD WOULD GO DARK!!!!!
In 2023, cars and auto parts imported from Canada accounted for trade worth US$58 billion, or 93% of total Canadian vehicle manufacturing output, according to Trading Economics.
Consumer goods, items that companies produce and which consumers, rather than other businesses, subsequently purchase, accounted for the third greatest volume of imports from Canada in 2023.
Forestry products—lumber, paper, livestock fodder, fuel wood, etc.—along with building and packaging materials, also represent key items imported by the US from Canada. We are a leading global exporter of softwood lumber, with over half of U.S. softwood imports coming from Canada.
The US Census Bureau also lists chemical, plastic, and rubber products among the top items imported from Canada, things such as rubber carpet cushion, sound insulation, and footwear.
Metal and mineral products, for example, iron ore, hematite, bauxite, sand, gravel, limestone, clay, and marble as well as salt, mica, and potash, are all exported in vast quantities to the US. Pictured is the Fermont iron ore site at the ArcelorMittal mining complex in Quebec.
Out in Saskatchewan, they provide the States with 80% of their fertilizer! (Potash)
And Industrial Machinery!
Uranium... Donald won't have enough to nuke China!
CROSS BORDER TRADE BETWEEN THE UNITED STATES AND CANADA TOTALS ABOUT A TRILLION DOLLARS A YEAR... GIVE OR TAKE A FEW BILLION!