Canada Lacks Trade Corridors

This is a Canada news story, published by Global News, that relates primarily to Darby news.

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Canadian exports heads

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Canadian trade

Global News

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Trump tariff threats reveal Canada’s trade dependency on U.S.: experts - National | Globalnews.ca

Summary

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67% Informative

Some 77 per cent of the value of all Canadian exports heads to the U.S. , according to Statistics Canada data from 2023 .

China is the closest export market for Canada at only four per cent, followed by Japan ( 2.1 per cent ) and the United Kingdom ( 2 ) China ’s reopening economy helped to boost exports by six per cent last year .

Experts say there are opportunities to diversify Canadian trade in the face of a possible disruption.

There may be a “spillover effect” on Canada if the U.S. cracks down on other trade partners, Lilly Lilly says.

Canada might find it more challenging to expand its trade relationships now than it might have before Trump ’s re-election.

Darby says it’s critical that Canadian stakeholders work together to prevent the threatened tariffs from coming down as advertised.

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formal

Language

English

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