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The trade relationship of the United States with Canada is the largest in the world.. In 2023, the goods and services trade between the two countries totaled $923 billion. U.S. exports were $441 billion, while imports were $482 billion, resulting in a United States $41 billion trade deficit with Canada. [1]
The United States had become Canada's largest market, and after the war, the Canadian economy became dependent on smooth trade flows with the United States so much that in 1971 when the United States enacted the "Nixon Shock" economic policies (including a 10% tariff on all imports) it put the Canadian government into a panic.
The Canada–United States Free Trade Agreement (CUSFTA), official name as the Free Trade Agreement between Canada and the United States of America (French: Accord de libre-échange entre le Canada et les États-Unis d'Amérique), was a bilateral trade agreement reached by negotiators for Canada and the United States on October 4, 1987, and signed by the leaders of both countries on January 2 ...
The US imported $87 billion worth of motor vehicles and $64 billion worth of vehicle parts from Mexico last year, not accounting for December, the top two goods imported from there that year ...
Canada could impose countermeasures on up to C$150 billion ($105 billion) worth of U.S. imports if President-elect Donald Trump puts tariffs on Canadian goods and services, a source familiar with ...
The U.S. imports trillions of dollars worth of goods every year. Often, it’s companies and manufacturers who are ordering those products from abroad, intending to either sell them or incorporate ...
The Toronto Stock Exchange is the tenth-largest stock exchange in the world by market capitalization, listing over 1,500 companies with a combined market capitalization of over US$3 trillion. [ 38 ] Canada has a strong cooperative banking sector, with the world's highest per-capita membership in credit unions . [ 39 ]
President-elect Donald Trump really loves tariffs. So much so that he has said that he will impose 60% tariffs on Chinese imports, a 25% tariff on Mexican and Canadian goods and blanket tariffs of ...