关税打击来了！加拿大出口暴跌 进口下滑

Group 1 - Canada's trade deficit narrowed to 5.06 billion CAD in March 2025, significantly lower than the expected 15.6 billion CAD, indicating a decline in trade activity with the U.S. due to tariffs [1][8] - The imposition of a 25% tariff on Canadian steel and aluminum by the U.S. led to a 2.9% drop in imports from the U.S. and a 6.6% decrease in exports to the U.S. in March [2][8] - Despite a 10.2% year-over-year increase in exports, the total export value fell to 69.9 billion CAD in March, marking the second consecutive month of decline, primarily due to falling commodity prices [5][6] Group 2 - Total imports decreased to 70.4 billion CAD in March, a decline of 1.4% from February, with significant drops in metal and non-metal mineral products (down 15.8%) and energy products (down 18.8%) [6][8] - The economic outlook remains concerning, with a recorded contraction of 0.2% in February and potential growth in March not alleviating the overall pessimism [8][11] - The trade tensions have led to increased pressure on Canadian consumers, with potential price hikes on imported goods and risks of layoffs or hiring freezes in domestic manufacturing [11]