Canada’s Solid Growth Belies U.S., China Trade Relations Issues — Panjiva


Canada’s Solid Growth Belies U.S., China Trade Relations Issues

Ags - Grains/Beans 163 Canada 338 China 1761 Cons. Staples - Food/Beverages 397 Materials - Metals/Mining 483 Metals - Aluminum 160 Metals - Steel 361 Trade Balance 657 Trade Deals 703 U.S. 3306 USMCA 374

Canada’s international trade growth reached 5.8% year over year in January, led by an 8.1% surge in imports that outpaced a 3.1% rise in exports. Trade with the U.S. was much slower though with an increase of just 1.5% including a third straight drop in exports. That won’t help the passage of the U.S.-Mexico-Canada Agreement ahead of the Parliamentary adjournment in June. Specifically the Canadian government wants the removal of U.S. duties on steel and aluminum – exports of metals rose just 1.2%. Relations with China may also be a problem. Exports of agricultural products fell 5.0% and ...

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