US EditionCanada’s economy in flux as Trump starts cutting tariff deals
- U.S. President Donald Trump began easing tariffs on some imports, including Canadian goods, starting in early April 2025 amid ongoing trade tensions at the U.S.-Canada border.
- Trump’s tariff reductions followed earlier threats and steep tariffs, especially targeting Canada, which had faced a 25-per-cent tariff since March but now benefits from exemptions under USMCA rules of origin.
- Despite tariff reliefs, Canada’s manufacturing sector saw 30,000 job losses and a 1.4-per-cent drop in manufacturing sales, while businesses delayed investment due to persistent economic uncertainty.
- Tony Stillo of Oxford Economics forecasts a three-quarter recession with 100,000 job losses by Q3, while TD’s Beata Caranci notes markets rebounded but Canadian sentiment worsened, directly matching economic data.
- Tariff reductions and softened countermeasures may ease inflation and supply disruptions, but Canada’s trade-dependent economy remains vulnerable to future tariff risks and uncertainty pending U.S. Policy shifts.
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Canada’s economic resilience depends on immigrants, not just trade - The Caribbean Camera
https://thecaribbeancamera.com/wp-content/uploads/2025/05/Axel-7570491.mp3 As global trade faces renewed strain and geopolitical alliances shift, Canada stands at a critical crossroads. Relations with the United States—still our largest trading partner—has become less predictable. From tariff threats to cross-border supply chain challenges, the vulnerability of Canada’s economic reliance on the U.S. has become increasingly clear. In response, po…
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