In the first three quarters of 2024, roughly $800 billion of goods crossed the Canada-U.S. border, according to a report by TD Bank
Today a 25 per cent tariff on Canadian goods to the United States is being implemented.
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Despite these efforts, Trump reenforced his stance, saying in a post on Truth Social on Feb. 27 that “drugs are still pouring into our Country from Mexico and Canada at very high and unacceptable levels.”
“We cannot allow this scourge to continue to harm the USA, and therefore, until it stops, or is seriously limited, the proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled,” he said.
“All goods exporting sectors, save agriculture and metals and minerals, rely on U.S. goods markets for between 74 per cent to 100 per cent of overall exports,” the report said. “Energy (crude oil, natural gas and coal) is responsible for 29 per cent of Canada’s goods exports to the U.S. in 2024 (Jan–Nov.). Machinery and equipment manufacturing, which includes automotive/parts, was responsible for 21 per cent of goods exports in the same year.”
- Mineral fuels, oils, distillation products — $131B
- Vehicles other than railway, tramway — $50.76B
- Machinery, nuclear reactors, boilers — $30.31B
- Commodities not specified according to kind — $19.30B
- Plastics — $14.18B
- Wood and articles of wood, wood charcoal — $11.59B
- Aluminum — $11.49B
- Electrical, electronic equipment — $11.24B
- Aircraft, spacecraft — $9.25B
- Pearls, precious stones, metals, coins — $9.11B
Unifor national president Lana Payne says Trump has seriously misjudged the resolve and unity of Canadians, and he has misjudged how damaging this trade war will be for American workers.
The head of the union, which represents 320,000 workers, says the tariffs will hurt working people with higher prices for everyday goods, and destroy jobs on both sides of the border. Unifor is calling on all levels of government and industry to step up and co-ordinate a response to the continued tariff threats on targeted Canadian industries.
Payne says Canada’s trading relationship with the U.S. has forever changed.
With additional reporting by the Canadian Press
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