Are services immune to tariffs in the trade war?
Update: 2025-03-31
Description
More attention is being focused on how Canada can better diversify trade to alternative sources as U.S. tariffs and threats continue to escalate.
In the goods trade, Canada's geographical proximity to the U.S. makes it difficult to diversify away from the U.S. But, that is much less of a constraint for services.
In this episode of the 10-Minute Take, economists Claire Fan and Carrie Freestone dig into:
• How much services Canada trades and with who?
• Is Canada is well positioned to leverage services for broader trade diversification?
• What are the headwinds facing services amid the ongoing trade war?
In the goods trade, Canada's geographical proximity to the U.S. makes it difficult to diversify away from the U.S. But, that is much less of a constraint for services.
In this episode of the 10-Minute Take, economists Claire Fan and Carrie Freestone dig into:
• How much services Canada trades and with who?
• Is Canada is well positioned to leverage services for broader trade diversification?
• What are the headwinds facing services amid the ongoing trade war?
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