J
JDs Couch
Well-known member
https://www.producer.com/opinion/buy-canadian-movement-derails-intent-of-u-s-tariffs/
The “buy Canadian” response to U.S. tariffs is affecting exports over the country’s northern border.
In June, the U.S. Department of Agriculture released its agricultural trade-deficit forecast for 2025.
It predicts an increase to the U.S. trade deficit to $49.5 billion for agricultural trade, up $500 million from its February forecast.
Reuters reported that the original, unredacted report attributed the growing agriculture trade deficit to tariffs and sentiments such as “buy Canadian” that have reduced demand for U.S. goods.
Trump’s stated goal was to decrease trade imbalances, but it’s not surprising the opposite has occurred.
This is because it can take a long time to build markets for agricultural products, but when trade disruptions happen, market share can be slashed overnight.
April saw a 93 per cent drop in American wine exports to Canada year over year, which has devastated some U.S. wineries.
This isn’t surprising, considering Canada is the largest buyer of exported U.S. wines.
The “buy Canadian” response to U.S. tariffs is affecting exports over the country’s northern border.
In June, the U.S. Department of Agriculture released its agricultural trade-deficit forecast for 2025.
It predicts an increase to the U.S. trade deficit to $49.5 billion for agricultural trade, up $500 million from its February forecast.
Reuters reported that the original, unredacted report attributed the growing agriculture trade deficit to tariffs and sentiments such as “buy Canadian” that have reduced demand for U.S. goods.
Trump’s stated goal was to decrease trade imbalances, but it’s not surprising the opposite has occurred.
This is because it can take a long time to build markets for agricultural products, but when trade disruptions happen, market share can be slashed overnight.
April saw a 93 per cent drop in American wine exports to Canada year over year, which has devastated some U.S. wineries.
This isn’t surprising, considering Canada is the largest buyer of exported U.S. wines.
