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Graphic Truth: The Trump effect on Canada’s US-bound exports

The US-Canada relationship has hit new lows since US President Donald Trump took office in January. In the early weeks of his presidency, he not only threatened to annex Canada, but Trump also imposed hefty tariffs on key Canadian exports, including auto parts and metals, triggering a trade war across one of the most commercially integrated borders in the world. As a result, Canada’s exports to the US have plummeted by nearly 20% since Trump took office.

Here’s a look at how Canada’s southbound exports have evolved over the past decade.

Graphic charting the strength of the dollar overtime.

Annie Gugliotta

Graphic Truth: The almighty, ever-strengthening dollar

The US dollar is the most widely used currency in the world, underpinning the vast majority of global finance and trade.

And the fact that America’s own currency is the lifeblood of the world economy — a function of US economic strength, military power, and political stability — gives the US what has been called an “exorbitant privilege.” That is, the US gets to borrow at lower rates than anyone else with its level of debt, and the country can exert tremendous power over global financial flows.

But huge demand for the US dollar has also helped to boost its value over the years, in ways some economists — particularly those close to Donald Trump — say has been harmful to the US.

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Courtesy of Midjourney

Enter the chip wars

The Biden administration is desperately trying to halt the outflow of US-made semiconductors, aka chips, to China.

Chips have always been key to each country’s economy — a still-nagging chip shortage has led to manufacturing holdups for new cars, video game consoles, and home appliances since early 2020. But higher-powered chips are also necessary in the race toward superior artificial intelligence capability. It’s a situation that could lead to major ramifications for both consumer tools and military technology. The United States still maintains an edge over China, but the stakes feel higher than ever.

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