Canada's trade deficit in May narrowed after a record-breaking deficit in April as total exports rose and imports fell even as the impact of U.S. tariffs dented shipments south of the border, data showed on Thursday.
Tag Archives international trade
Canada’s trade deficit narrows in May, US exports drop to lowest since pandemic
Exports to countries other than U.S. rise, but not enough to offset losses like canola exports to China
Canadian beef exporters breathe a sigh of relief
Prime Cuts with Steve Kay
I could almost hear the huge sighs of relief coming from Canadian livestock and meat producers on April 2 when U.S. President Trump announced he was imposing a new 10 per cent tariff on all imports. That’s because goods that comply with the U.S.-Mexico-Canada Agreement (USMCA) are expected to be exempt from the new tariffs. […] Read more
Canada Beef invests in market diversification, domestic demand to counter U.S. trade turmoil
Keeping up with Canada Beef (from the May 2025 issue of Canadian Cattlemen)
The uncertainty unleashed by the U.S. administration’s reciprocal tariffs on April 2 created unpredictability and roiled markets worldwide. Canada’s cattle industry was left out of the so-called U.S. “Liberation Day” tariffs due to the carve-out for products that comply with the United States-Canada-Mexico Agreement (USMCA). These products, which include Canadian live cattle and beef, will […] Read more
Trade missions, ‘Burger it Forward’ and more
Keeping Up With Canada Beef
February is always an interesting time for Canada Beef. From a business planning perspective, it signals the final approach to the March 31 finish line for the current fiscal year. Canada Beef’s focus on keeping beef on people’s dinner plates at home and abroad remains keen as the fiscal year winds down and we go […] Read more
Building demand for Canadian beef at home and abroad
Keeping Up with Canada Beef
Demand-building initiatives for Canadian beef were a priority focus for Canada Beef during the third quarter of our fiscal year. The team presented several workshops to partners visiting Canada from major export markets in Latin America and Asia, led a roadshow tour of Japan and Korea, and participated in the Team Canada trade mission to […] Read more
EU and Mexico revive stalled trade deal as Trump tariffs loom
The two parties are seeking to add farm produce, services, investment and other goods to the agreement
The European Union and Mexico revived a stalled free trade agreement on Friday, days before the return to the White House of Donald Trump, who has threatened both sides with tariffs.
Canadian beef producers urged to lean into coalitions with U.S. producers to ward off Trump tariff threats
Relationships developed between Canadian, American and Mexican cattle producers during country-of-origin labelling discussions more than a decade ago may help protect Canadian cattlemen from damaging tariffs proposed by U.S. president-elect Donald Trump, said the former head of the national cattle organization. When the Americans first attempted to impose mandatory country-of-origin labelling on cattle from Canada […] Read more
ICE Weekly: Canola market suddenly in a very bad position
China caused a great deal of turmoil in the canola market on Sept. 3, leading prices to tumble on the Intercontinental Exchange. To senior market analyst Mike Jubinville of MarketsFarm, China dramatically changed canola’s outlook in fell swoop. The Chinese government announced that it was launching an investigation into alleged canola dumping by Canada. This […] Read more
China hits Canada with anti-dumping probe on canola imports in response to EV tariffs
Beijing | Reuters – China said on Tuesday it plans to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak. Canada has followed the lead of the United States and European Union, and announced […] Read more
EU pork industry faces ‘nightmare’ if China restricts imports
Hamburg | Reuters – Europe’s pork industry faces a “nightmare scenario” of lower prices and falling profitability if China restricts imports from the region, industry executives and analysts said on Friday. Chinese firms have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media reported on Friday, escalating tensions after the bloc […] Read more
Canadian Cattlemen Presents: Depth of Field
