Canada Shifts Oil Exports to Japan at 0% Tariff After Deal with China

Canada Shifts Oil Exports to Japan at 0% Tariff After Deal with China

Canada Shifts Oil Exports to Japan at 0% Tariff After Deal with China
The long-standing alliance between the United States and Canada faced an unexpected strain in early 2025 due to a trade dispute, disrupting decades of cooperation. The Trump administration imposed tariffs on Canadian goods, citing concerns over immigration and national security, prompting Canada to retaliate with its own economic measures. This escalation sent shockwaves through both economies, leading to market volatility and fears of job losses while highlighting the fragility of international trade agreements. In response, both nations engaged in high-stakes negotiations, ultimately agreeing to a temporary truce that delayed tariffs and introduced measures to strengthen border security. The conflict served as a wake-up call for Canada, accelerating efforts to diversify its trade relationships, with a strategic pivot toward Asia and a focus on expanding liquefied natural gas exports to Japan and beyond.

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