Trudeau announces 25% retaliatory tariffs on US goods

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The leader who "retired" as Prime Minister with lowest approval rating in history and suspended parliament to avoid an election drags Canada into a job-killing trade war with the largest economy on earth.


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Nordberg said:
The result is higher prices for American consumers. I guess that is tough for Dio to understand.
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100,000 Americans a year are dying from overdose . Most of which are from fentanyl. Trump is trying to prevent it. He needs our neighbors help. They have not been helping. Trump is getting their attention.
 
Canada’s nominal GDP in 2023 was approximately $2.14 trillion USD, according to the International Monetary Fund (IMF) and other sources like the World Bank. Projections for 2024 suggest it could be around $2.2 trillion USD, though exact figures for 2025 are not yet finalized. For U.S. states, the Bureau of Economic Analysis (BEA) provides GDP data, with 2024 estimates being the most current as of late 2024.

Based on this, the U.S. states with GDPs exceeding Canada’s $2.14 trillion (2023) or $2.2 trillion (2024 estimate) are:
  1. California: In 2024, California’s GDP is estimated at $4.08 trillion USD. This far surpasses Canada’s GDP, making it the largest state economy in the U.S. and comparable to the world’s fifth-largest national economy (e.g., India’s $3.57 trillion in recent years).
  2. Texas: Texas had a GDP of approximately $2.695 trillion USD in 2024. This exceeds Canada’s GDP by a significant margin, aligning Texas with economies like Italy or Canada itself in earlier years ($1.73 trillion in 2018).
  3. New York: New York’s GDP in 2024 is estimated at $2.284 trillion USD. This is slightly above Canada’s 2023 figure and likely its 2024 estimate, making New York another state with an economy larger than Canada’s.



@Grok
 
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Canada’s economy relies heavily on the United States, primarily due to its significant trade dependence, geographic proximity, and integrated supply chains.

The most striking indicator is trade: in 2024, 75.9% of Canada’s merchandise exports—totaling $412.7 billion USD—went to the U.S., according to data from the U.S. Customs Service and corroborated by Statistics Canada trends.

This makes the U.S. by far Canada’s largest export market.

Comparatively, Canada’s next biggest export destinations, like China (4.1%) and Japan (2.3%), account for far smaller shares.

Imports tell a similar story: in 2024, Canada imported $349.4 billion USD in goods from the U.S., representing roughly 60-65% of its total goods imports, depending on the exact figures for other partners like China (12%) and Mexico (5%).

Beyond goods, services and investment also tie Canada to the U.S. In 2023, the U.S. accounted for 57% of Canada’s service exports (e.g., travel, financial services), and American foreign direct investment in Canada was valued at over $455 billion USD, dwarfing investments from other countries.

Economically, Canada’s GDP—around $2.2 trillion USD in 2024—pales next to the U.S.’s $28 trillion-plus, and its export-driven growth (exports are ~30% of GDP) hinges on U.S. demand. If U.S. imports dropped significantly, models suggest Canada’s GDP could contract by 2-5% in a year, far outpacing impacts on the U.S. from a similar disruption.

In short, Canada’s economy relies heavily on the U.S. for trade, investment, and market access.



@Grok
 
How long will the Canadians defy the reasonable requests of our glorious stable genius, Donald J. Trump?
 
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