Here are Canada’s biggest points of leverage in tariff and trade talks with the U.S.

By Mike Crawley
CBC News
March 19, 2026
Category: Business & Politics
Region: Canada, United States

While Canada’s economy is far more reliant on exports to the US than vice versa, Canadian negotiators have crucial ammunition in their efforts to land a trade deal that reduces or eliminates tariffs imposed by US President Trump. …Canada’s attempts to negotiate relief from Trump’s tariffs on such exports as steel, aluminum, automobiles and softwood lumber are now wrapped into fresh talks on renewing the Canada-US-Mexico Agreement (CUSMA). …Barry Appleton, says Canada needs to shift its strategy by exerting its leverage as a crucial U.S. customer. …Inu Manak, says the US needs Canadian natural resources to achieve the industrial policy goals set out by the US administration. …Canada is among the top sources of foreign direct investment in the U.S., largely as a result of decisions by pension funds. …The US has repeatedly emphasized the importance of steady access to a reliable supply of critical minerals.

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