Trump 2.0: The First 100 Days | Canada

Deeper Dive into Canada-U.S. Trade Exports From Canada to the U.S.

Key Observations

• Energy and derivatives of minerals are by far the largest category of goods that Canada ships to the U.S. — this group accounts for 30% of Canada’s exports to the U.S. (Energy-related exports and potash are subject to the 10% tariff, as a reminder.) • Autos, auto parts and other transportation equipment are the second largest category of goods exported to the U.S., making up just under 15% of the total. Autos are subject • Ontario (home to Toronto, Ottawa), Alberta (Calgary, Edmonton) and Quebec (Quebec City, Montreal) are the provinces where most exports destined for the U.S. are created. This does not mean they have the most concentrated economic exposure — just that they nominally account for the largest share of the U.S. export pie. • Provinces with the largest dependence on U.S. exports are Alberta (Calgary, Edmonton), New Brunswick (Moncton, Saint John and Fredericton) and Ontario (Toronto, Ottawa). to a 25% tariff, and auto parts will be subjected to a 25% tariff on May 3.

Most Exposed Goods / Categories

Most Exposed Provinces**

Misc. Manufactured Wood Pulp Livestock Other Wood Precious Stones Agriculture Plastics Art Food & Bev. Chemicals Metals Machinery Transport/Auto Energy*

Ontario

Alberta

Quebec

British Columbia

Saskatchewan

New Brunswick

Manitoba

Newfoundland and Labrador

Nova Scotia

Prince Edward Island

0% 10% 20% 30%

0% 10% 20% 30% 40%

Exports to U.S. (% of Canada Total)

Exports to U.S. (% Canada Total)

Source: Statistics Canada. Note: * “Minerals” includes coal, crude oil and other energy derivatives. Relabeled for conceptual clarity. **Based on trend in last 12 months. Missing provinces have zero or no data.

Cushman & Wakefield

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