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New Tracker displays cost of Canada-US trade disru | |
Tarriffs are the most urgent threat facing business today. | |
Canada and the United States stand at crossroads in their trade and economic partnership, with tariffs emerging as the most pressing challenge for businesses on both sides of the border. To clearly map out the vital importance of these relationships and the risks they face, the Canadian Chamber of Commerce’s Business Data Lab has introduced the Canada-U.S. Trade Tracker—a new tool designed to illustrate the ties between our two economies. With a new U.S. administration touting a ‘great, beautiful golden age for business’, the rise of protectionist rhetoric threatens to derail that vision. The Canada-U.S. Trade Tracker delivers real-time data and actionable insights, equipping businesses and policymakers to defend and strengthen North America’s most important trade partnership.
The Stakes in NumbersEvery day, $3.6 billion in goods crosses the Canada-U.S. border, fueling a $1.3 trillion annual trade relationship. This partnership supports:
With Canada as the #1 export market for 34 U.S. states, cross-border trade sustains millions of jobs, businesses, and communities across North America. The Stakes for PeopleA 25% tariff could shrink Canada’s GDP by 2.6%, costing Canadian households an average of $1,900 annually. For the U.S., this would mean a 1.6% GDP drop, with families losing $1,300 per year. Beyond the economic impact, tariffs would disrupt industries like automotive, agriculture, and energy, making everything from groceries to cars more expensive.
The Canada-U.S. Trade Tracker delivers real-time insights into trade flows, industry trends, and data-backed analysis, helping businesses and policymakers navigate the uncertainty posed by tariffs and other barriers with clarity and confidence—so we can safeguard North America’s most successful trade relationship for the benefit of all. |