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NEW from me: Last year, Mark Carney set a goal to double Canada's non-US exports by 2035. Today, he's already halfway there In response to Trump's tariffs & threats, Canadian businesses, consumers, & even tourists are taking difficult steps to decouple from the US🧵 www.apricitas.io/p/how-canada...

apricitas.ioHow Canada is Decoupling From the USIn Response to Trump’s Tariffs, Canada Has Successfully Boosted non-US Trade to Record Highs—But it Remains Deeply Tied to America

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The US auto industry is busy committing long term suicide. It’s essential for Canada to fully decouple from the auto sector to avoid being dragged down in the process. Time to turn decisively to China. A truly tragic state of affairs.

A lot of Trump policy has been demonstrably bad for business (tariffs, threats against allies, trade wars, deportations) and they have, with only a few exceptions, gone along with it

Canada's economy remains deeply tied to America's—most provinces trade more with the US than with other parts of Canada or other countries—but Canada's trade reliance on the US has fallen dramatically during Trump's 2nd term, hitting the lowest levels in 30 years.

Canada's non-US exports are near record highs, up 42% over the last year alone. Rising energy and gold prices have provided major tailwinds, but this export growth is occurring across a wide array of destination countries and industries.

Compared to 2024, Canadian exports to the UK are up 195% (mostly gold), exports to China are up 52%, exports to the EU are up 42%, and exports to other countries are up 18% The country's non-US exports of energy, minerals, food, aircraft, and consumer goods are all rising.

Meanwhile, Canadian trade with the US is dropping across several key sectors. Exports of vehicles, wood products, and metals have all fallen as they've been hit with US tariffs, while counter-tariffs and consumer boycotts have lowered imports of US vehicles & consumer goods.

Any plans on looking into foreign ownership stats of private businesses and, in a little while, sales of public assets under Carney?