The tariffs announced on February 1 by the White House on United States imports from Canada threaten severe harm to many industries and Canada’s economy. Although the application of the tariffs has been postponed until March, uncertainty about future US trade barriers alone is likely already leading some producers to pause investments in Canada. The C.D. Howe […]
Elbows up: Canada is fighting Trump’s tariffs and a former US Treasury insider likes our strategy. Gary Hufbauer warns US standing will continue to shrink and China’s will continue to rise. Will bringing down interprovincial trade barriers counter Trump’s trade tariff move?
To: Tariff watchersFrom: Brian LivingstonDate: January 31, 2025Re: Quantifying US Benefits from Canadian Crude Oil Exports We still don’t know if, when, or how steep Donald Trump’s tariffs are going to be, but it’s not hard to tease out the effect of several scenarios. Canada’s oil and gas export to the United States in 2023 […]
US imports of Canadian crude oil have displaced imports from more expensive or otherwise less desirable sources and complemented rising US production in meeting US demand (not shown here), including demand from US refineries that export petroleum products. As a result, the once-large US deficit in crude oil and refined petroleum products has almost disappeared.
C.D. Howe Institute Research Fellow Ryan Manucha speaks to Andrew Nichols of CBC News about how President Donald Trump’s threats to levy high tariffs on Canadian goods has brought renewed attention to the trade barriers between provinces that hinder Canada’s economic growth.
To: Tariff watchersFrom: Daniel SchwanenDate: January 24, 2025Re: Mr. Trump’s Ruinous Trade War (Part III) Donald Trump’s second presidency began this week with a flurry of orders, memoranda and quotable moments. From these we can sense, more precisely than we could prior to his inauguration, how the US plans to shape economic relations with the world, and with […]
To: Trade observers From: Daniel Schwanen Date: January 17, 2025 Re: Mr. Trump’s Ruinous Trade War (Part Two) As we saw in yesterday’s Memo, the United States runs a large finished goods manufacturing trade surplus with Canada. And it imports from Canada large amounts oil and other materials needed to keep its own industries competitive. These imports more […]
Donald Trump isn’t backing down from his threat to hit Canada with 25 percent tariffs. But Canada is fighting back. Michael Hainsworth speaks with Meredith Lilly of Carleton University and Daniel Schwanen, Senior Vice-President of the C.D. Howe Institute, about what options Ottawa and the provinces have to respond.
Donald Trump isn’t backing down from his threat to hit Canada with 25 percent tariffs. But Canada is fighting back. Michael Hainsworth speaks with Meredith Lilly of Carleton University and Daniel Schwanen, Senior Vice-President of the C.D. Howe Institute, about what options Ottawa and the provinces have to respond.
“Incoming US President Donald Trump has threatened to impose 25-percent tariffs on goods Americans purchase from Canada. The impact of this measure on trade between Canada and the United States will not reduce the US trade deficit with Canada, one of the measure’s stated goals. Instead, it will damage both the Canadian and American economies.”
International trade lawyer and Senior Fellow Lawrence Herman spoke to Andrew Nichols of CBC News about Ottawa and the provinces’ options when it comes to responding to any tariffs imposed on Canada by the Trump administration.
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