Sunday, March 16, 2025

Canada Flexes Economic Standing in Midst of Tariff Decisions

    As the Trump Administration's plans for the tariffs continue to be pushed back every time that the start date approaches, the Canadian government is not visibly stressing this scenario. They are instead taking this change and using it to show their economic strength in the international economy. In most recent studies it is shown that Canada has the ninth strongest economy in the world. Multiple movements have begun to push Canadian citizens to "shop Canadian". Essentially urging its consumers to avoid purchasing American products; hoping to prove to President Trump that they are plenty strong on their own not needing help from American corporations.
    This strong sense of Canadian Nationalism started when President Trump made comments about Canada becoming the 51st state of the Union. This outrage made Canadians come together in many patriotic acts to prove how their economy is still healthily growing without the help from its southern neighbor. 
    So far the most visible impact this has made has been on the Liquor Control Board of Ontario, who removed all American liquors from the shelves. Due to the LCBOs barring its customers from purchasing American products it is projected that every year the American spirit-makers will miss out on $1 billion from its Canadian consumers alone. The CEO of Brown-Forman, parent company of Jack Daniel's, said that this impact is worse than the tariffs itself. It is taking away sales from American companies.
    Additionally, it is already being seen that the trips from Canada into the United States are down from past years. This sense of nationalism is proving that most Canadian's are making a large effort to support their country's economy with 6 out of 10 consumers claiming they have changed their purchasing habits since Trump was inaugurated in mid-January. 

Link to Article: https://www.cnbc.com/2025/03/16/see-you-in-four-years-canada-flexes-economic-muscle-as-tariff-negotiations-continue.html 

1 comment:

Zahra Yazdani said...

What do you think, what will be the affect of these movement in their economy?