The Canadian economy increased faster than expected in the first quarter, 2.2%, mainly thanks to exports. American companies have significantly constituted actions before the taxes of the customs tariffs of President Donald Trump.
Repeated Trump’s threats and flip flops in customs tasks since the beginning of the year have led to an increase in exports. But at the same time, imports have also increased, according to official Statistics Canada data published on Friday, April 30.
Provisions awaiting customs duties
On both sides of the border, companies, concerned about the triggered commercial war, especially provisions. In addition, the growth of the last quarter of 2024 was checked down 2.1% (against the growth of the previous 2.6%).
The president of the United States, Donald Trump, has imposed the duties of steel and Canadian aluminum, in particular, and threatens his general customs tax of the north of 25%. A policy that takes the opposite vision of decades of close economic relations between the two countries that have very integrated savings.
Source: BFM TV
