Even EU Stunned as Canada DUMPS U.S. for Europe & Asia in Shocking Tariff Crisis

Even EU Stunned as Canada DUMPS U.S. for Europe & Asia in Shocking Tariff Crisis

America’s billion-dollar trade flow with Canada is now moving in reverse, with Ottawa steadily redirecting exports toward Europe and Asia as Washington raises its tariff walls. Canadian shipments to the U.S. have dropped to their lowest share since the pandemic, cutting into the supply chains that have long fueled American factories and ports. At the same time, tariffs are driving up costs on aluminum, autos, and canned goods, squeezing both household budgets and corporate profits. North America’s auto network is seizing under new 25% duties, while Canada’s launch of LNG exports to Asia is eroding America’s long-held energy advantage. What’s unfolding is more than a trade dispute — it’s a reshaping of economic power that leaves the U.S. paying more, producing less, and losing influence in critical markets.

Canada’s bid to become an energy superpower - Financial Times July 3, 2025

0:00 - 8:14 Even EU Stunned as Canada DUMPS U.S. for Europe & Asia in Shocking Tariff Crisis
Opening (00:00-00:25)
1. Trade deficit soars, US loses points at home (00:25-01:38)
2. Aluminum – cars – canned goods prices climb; consumers bear the brunt, businesses bear the brunt (01:38-3:04)
3. North American cars are a machine… but sand is pouring into the bearings (04:22-05:27)
4. Canada diversifies at record pace, energy opens the way to “escape the US” (05:27-08:14)
8:14 - 29:14 Trump’s 50% Copper Tariff Backfires Wiping $4.2B From the U.S. Overnight
Opening
1. Opening — The Tariff Punch and the Simple Question
2. The Explosion from Within the Administration: The Goal — Security, The Reality — Shock
3. Starting Point — The Numbers and Immediate Impact
4. Canada Stays Unshaken — A Targeted Retaliation
5. Thirdly, Canada Focuses on Legal and Diplomatic Strategy
6. Canada Shifts Strategy — From Dependence to Diversification
7. Market Reaction: A Move That ""Shatters"" Market Edges Rather Than ""Securing"" National Security
8. Heavy Tariffs Make the U.S. Vulnerable to Retaliation and Evasion
9. The Victims of ""Protectionism"" Are Not the Rich — But Workers and Households
10. Outlook, Debate & Future Scenarios
11. Overestimating the Ability to Replace Domestic Sources

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