美联储降息大消息，又出现了新论点！特朗普与加拿大已经闹翻了

Core Points - The relationship between the U.S. and Canada has deteriorated significantly due to a $75 million advertisement in Ontario that referenced Reagan's anti-tariff stance, marking the end of North American economic integration [1][3] - Canadian Prime Minister Carney's statement reflects the shift from traditional advantages of close ties with the U.S. to vulnerabilities, with Canada heavily reliant on the U.S. for 75% of its exports [3][5] - The U.S. has imposed significant tariffs on Canadian goods, leading to a 7.5% decline in Canadian exports and a 1.6% year-on-year GDP drop in Q2 2025 [3][5] Trade Relations - The breakdown in trade relations began on October 23, 2025, when Trump announced the termination of all trade negotiations and imposed a 10% tariff on Canadian goods [3] - Trump's previous threats to halt negotiations over Canada's digital services tax further exacerbated uncertainties for Canadian businesses [5] Economic Impact - Canada is implementing a "de-Americanization" plan to increase non-U.S. market exports by CAD 300 billion over the next decade, including trade agreements with Indonesia and the UAE [5][7] - The Montreal Port expansion, costing CAD 1.6 to 2.3 billion, aims to enhance trade logistics but faces natural limitations and historical trust issues due to strikes [7] Supply Chain Reconfiguration - The trade rift is causing significant restructuring in supply chains, particularly in the North American automotive sector, with Canada reducing tariff-free import quotas for major automakers [7] - Unemployment in Canada has reached a nine-year high, with 500,000 jobs in Ontario at risk due to the trade tensions [7] Global Economic Trends - The Federal Reserve is experiencing internal divisions over interest rate cuts, with implications for the U.S. dollar's status as a global reserve currency [9][11] - The ongoing trade conflict may accelerate the process of global multipolarity, although markets in Southeast Asia currently lack the purchasing power to replace the U.S. market [11]