How Canada emerged as the safest port in a storm of global trade

June 16, 2025

A new report from RBC's chief economist Frances Donald and associate chief economist Nathan Janzen found that Canada now faces the lowest average effective tariff of any major U.S. trade partner.

"RBC found that 86 per cent of the products Canadian businesses shipped to the U.S. last year would still be duty-free under today's rules. Data from the U.S. Census Bureau in April show nearly 90 per cent of Canadian exports to the U.S. remained duty-free in April. "

Total manufacturing sales are down and the unemployment rate is climbing however the report states that the Canadian economy has stayed strong despite the challenges brought on by the trade war, which started in March, 2025.

Please visit this link for more information: https://www.cbc.ca/news/business/armstrong-economy-trade-war-tariffs-1.7560606

Topic(s)

Hot topics

U.S. Tariffs and Canadian Retaliatory Surtax

Security and Trade Facilitation Programs

International Trade and Border Management

Information source

Canadian News Channel

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