Part 5/10:
The trade war has led to the United States imposing hefty tariffs on Canadian cars and parts—rates that significantly undermine Canada's competitiveness. Canada’s dependence on the U.S. market, where almost 20% of Canadian jobs are tied to exports, amplifies the economic stakes. Yet, instead of strategic engagement and enabling more trade flexibility, Canada’s leadership appears caught in a defensive stance, with some analysts criticizing its lack of proactive measures.
Meanwhile, US imports have become more complex, with Canadian exports facing increasing restrictions while the Canadian government is perceived as dragging its heels in negotiating solutions. It’s a lose-lose scenario for both sides.