New data shows that both imports and exports with us decrease as Canada expands trade relations with other countries.
Canada’s trade with the United States fell in March, but increasing exports to other countries helped compensate for the declining shift.
Exports to the United States decreased by 6.6 percent during the month, while imports from the United States decreased by 2.9 percent amid a growing year -long hiatus towards Canada’s long -term ally and the highest commercial partner, according to the data issued by Statistics Canada on Tuesday.
Total exports fell 0.2 percent in March mainly at lower prices, while imports fell by 1.5 percent.
Canada trade The deficit of one billion Canadian dollars ($ 1.4 billion) in February decreased to 367 million Canadian dollars ($ 506 million) in March. The trade surplus with the United States decreased to 6.1 billion Canadian dollars ($ 8.4 billion).
The agency said: “This decrease has been almost completely compensated due to a significant rise in exports to countries other than the United States,” the agency said. Canada has increased gold exports to the United Kingdom, raw oil to the Netherlands and various commodities to Germany.
exports Cars and parts also increased Amid the customs tariff targeting the auto sector. Medicines and uranium exports to the United States as well as pork decreased to Asian markets. Natural gas exports also fell.
Steel exports decreased, while aluminum exports increased for the fourth month in a row. Steel imports decreased, but aluminum imports have grown, as both producers face by 25 percent of American definitions.
Analysts have warned that the full effects of definitions have not yet been seen. Mark Erdulao said in a research note that Canada should “prepare to increase the opposite winds for trade, as the trade conflict is expected to take place during the coming quarters.”
Carney and Trump meets
Trade data was issued on the day when Canadian Prime Minister Mark Carne met with US President Donald Trump in Washington, DC, to discuss tense trade and security relations.
Carney won the elections last week A pledge to stand in the face of Trump and his first agenda in America. He said that the tense relationship between the two countries could not be the same again.
The United States imposed a wide tariff on Canadian goods at the beginning of March before announcing many discounts and exemptions even when the tariff remained on cars, aluminum, steel and potash in place. Canada has returned with counter -measures.
“Canada and the United States are stronger when we work together – and this work begins now,” Carney said on the social media platform X as he arrived in Washington, DC Monday evening.
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