Part 2/8:
In anticipation of potential tariffs set to begin in April, Canadian industries have frantically attempted to frontload their exports to the United States. This strategy has resulted in a record trade surplus for Canada amounting to $10 billion. However, experts caution that this surge is temporary. Should Trump proceed with a 25% tariff on imports, Canadian exporters could face substantial losses. U.S. companies may find it unfeasible to absorb such steep costs, leading to a potential collapse in Canadian trade.