Today’s statement from President Trump on his views on the Free trade agreement is definitely indicating where US policy is headed.
#wordtradeinv
#usa #manufacturing #FDI #Canada #Mexico
“I don’t care. I mean I don’t really want to. I’d rather be independent,” responded the president, after extolling the virtues of his tariff regime, which he said has pushed Toyota to spend billions on auto plants in the U.S. in order to reduce duties.
The trade data is definitely affirming this major shift has already started. From the numbers below, two likelihoods emergency – Canadian manufacturers have moved into US or the second one which is more challenging for Canada – the supply chain has moved out of Canada to other countries.
In 2024, the U.S. imported US$412 billion worth of goods from Canada. In 2025, it imported US$382 billion. From January to May 2026, Canadian exports to the U.S. have amounted to US$163 billion. (Which means the year end total for 2026 is likely to be much lesser than 2025). The steady decline continues.