Canada's bargaining power in the Trump tariff dispute: What leverage does Ottawa really have?

The trade dispute between Canada and the United States, reignited by President Donald Trump's tariffs on steel and aluminum imports, has forced Ottawa to assess its negotiating position. While the United States is Canada's largest trading partner, Canada supplies key commodities such as energy, minerals, and agricultural products that the U.S. relies on. Premiers from energy-producing provinces have highlighted the potential to redirect exports or impose export taxes, but experts caution that such moves carry economic risks. The federal government has responded with retaliatory tariffs on U.S. goods, but the long-term impact on Canadian industries remains uncertain. The situation underscores the interconnected nature of the two economies and the delicate balance of power in trade negotiations.