Canada's economy heavily relies on exporting crude oil to the United States, which diminishes its bargaining power amid trade tensions. After US President Trump paused a potential 25 percent tariff for 30 days, anti-American sentiments surfaced in Canada, prompting calls for boycotts and halting oil exports. However, such measures might result in severe economic fallout for Canada, as most oil travels through US pipelines, and diversifying exports would be a challenging process. Canada's integrated energy infrastructure complicates any efforts to leverage oil exports in trade discussions.
Blocking crude oil flow to the US could inflict an enormous economic cost on Canada, which pumps nearly all of its crude oil to the US via a network of pipelines.
In theory, Canada could stop the flow of oil into the US as leverage to get Trump to back down on the tariff threats.
Collection
[
|
...
]