Tariffs and Trade offs: The High Stakes of Canada US Relations As Prime Minister Justin Trudeau noted in a recent address, Canada's pivot away from its largest trading partner will come at a cost.
This shift has already begun to take shape, with Canada imposing retaliatory tariffs on US goods. The asymmetry between the two nations' economies is striking.
The United States has a GDP 13 times larger than Canada's, yet they have maintained a close trading relationship for decades. Prior to the current trade war, Canada accounted for nearly 75% of all US bound exports.