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UK exports to the U.S. plunge by most on record as tariffs bite

  • On Wednesday, Canada's exports to the U.S. fell nearly a third in April, with auto exports dropping 23%, marking the largest monthly decline since 1997.
  • Since March, U.S. tariffs targeted steel, aluminum, and autos, making April the first full month of duties that sharply impacted Canada's automotive exports and manufacturing.
  • Statistics Canada reported a 17% decline in auto shipments to the U.S. in April, with Kingston citing a '25% tariff' making vehicle production challenging.
  • U.S. automakers GM and Stellantis announced layoffs and shutdowns, while Ontario carmakers slashed production and laid off workers amid tariff impacts.
  • Canada’s record export decline and auto sector hit underscore the urgent need for U.S. tariff removal to restore North American production.
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Bloomberg broke the news in United States on Thursday, June 5, 2025.
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