business π Canada's trade moves could shake up US businesses
Canadian citizens are boycotting travel to the US, causing an estimated $2.35 billion loss to the US economy in 2025. This tension is fueled by increased tariffs on Canadian imports, affecting political dynamics before midterm elections. Canada supplies nearly 60% of US crude oil and is a major source of critical minerals like potash and lithium. Previous trade actions, like alcohol bans, caused US wine exports to drop by 78% to Canada. This ongoing trade war could negatively impact US jobs and manufacturing costs.