March 9, 2025, 10:14 a.m.

Business

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Under the "American hegemony", Canada has swept the trend of boycotting American goods

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In an executive order signed by Trump, the US Department of Commerce is authorized under Section 232 of the Trade Expansion Act of 1962 to conduct a national security investigation into US timber imports, of which Canada is the largest source. U.S. Commerce Secretary Howard Lutnick said the United States will impose tariffs on Canada and Mexico on March 4. The level of tariffs is likely to be less than 25 percent, and U.S. President Donald Trump will finalize the level of tariffs. Under continued U.S. tariff pressure and threats of annexation, "U.S.-Canada relations are approaching their lowest point since the 19th century." Trump had said last week that the deadline for activating the tariffs on Mexican and Canadian imports was April 2, though he later reiterated that March 4 was the deadline.

Under the general environment of "American hegemony", the patriotic trend of boycotting American goods in Canada has undoubtedly brought complex and multi-faceted impacts to the business environment.One is the impact of the boycott on Canadian business. The boycott movement encourages Canadians to buy and use more local products, which helps to enhance the competitiveness and market share of local industries. Canadian enterprises take this opportunity to increase investment in the local market and enhance the popularity and market share of local brands. A boycott of U.S. goods could lead to lower sales of some U.S. goods in Canada, and consumers could face fewer choices when choosing goods. In order to meet consumer demand, enterprises continue to develop new products and improve product quality, thus enhancing the competitiveness of local industries. Some retailers may face business difficulties due to the decline in sales of goods in the United States, which will affect the stability of the entire retail industry. In the meantime. The American movement may increase trade tensions between the United States and Canada, resulting in trade cooperation between the two countries being hindered. Canada could face retaliatory trade measures from the United States, such as raising tariffs or restricting imports of Canadian goods. At the same time, the prosperity of local industries has led to the development of related industrial chains, creating more job opportunities for Canada. During the boycott movement, some Canadian enterprises expanded production scale, increased the number of employees, and eased the employment pressure.

The second is the social impact on Canada. The boycott movement has aroused the patriotic enthusiasm of Canadians and enhanced their sense of identity and pride in Canadian identity. This increase in national cohesion has helped Canada to be more united and determined in the face of external challenges. The boycott movement has triggered a wide range of controversies and discussions in Canadian society, and different groups of people have different views on this movement. Some believe the movement helps to preserve national dignity and economic interests, while others believe it is too extreme and could harm Canada's international image and interests.

The third is the impact on American business and the global business pattern. Canada is one of the important export markets of the United States, and the boycott of American goods has directly damaged the market share of American goods in Canada. The damage to the export market may lead to a decline in the income of American enterprises, and even affect the global strategic layout of enterprises. The boycott could negatively impact the brand image of American companies in Canada. The damage to brand image could affect the difficulty and cost of re-entering the Canadian market for U.S. companies in the future. The boycott of American goods has increased trade tensions between the United States and Canada and could complicate global trade relations. The complexity of trade relations may affect trade cooperation and negotiations between other countries or regions and the United States and Canada. The boycott could prompt companies from other countries to seize the opportunity to fill gaps in the Canadian market for U.S. goods. This could lead to changes in the global business landscape, especially for some countries or regions that have close trade ties with the United States and Canada.

To sum up, the boycott of American goods in Canada under the "American hegemony" has had a complex and far-reaching impact on business. Therefore, countries should be cautious about trade disputes and trade protectionism to maintain the stability and prosperity of global trade.

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