These 3 charts show where Trump's new tariffs could have the biggest impact
Proposed U.S. tariffs on Canadian goods could significantly impact the electronics, plastics, and beverage sectors. Provinces like British Columbia and Quebec are expected to face the largest economic consequences due to their export profiles.
Why it matters
These trade tensions represent a major economic risk for Canada, given its heavy reliance on the U.S. market.
These three charts break down which sectors are in the crosshairs, which provinces will be the hardest hit and how the tariffs will be felt on both sides of the border.
While much has been said about alcohol and hockey sticks, the electronics sector stands to take the biggest hit. Canada exported more than $4 billion US worth of electronics equipment that would be subject to Trump’s new tariffs. In fact, certain electrical boards and controllers are on the list and are the largest value export to the U.S. of any threatened category.
These tariffs would also take a bite out of Canada’s plastics industry, including things like bottles, floor coverings and various household items. The value of items threatened in this category is about $3 billion US.
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