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Marketplace All-in-One

Canadian firms reconsider U.S. relationships

Marketplace All-in-One

Marketplace

News, Business

4.81.3K Ratings

🗓️ 28 March 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

From the BBC World Service: As Canada’s prime minister, Mark Carney, says the U.S. is no longer a reliable partner, Canadian businesses that work with American companies are facing a tough decision: continue their trading relationships or try to bring more operations and supply chains home. Also, as card payments rise, the UK sees an unintended benefit for children’s health.

Transcript

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0:00.0

Canada's Prime Minister says his country's old relationship with the US is over.

0:06.4

Live from the BBC World Service, this is the Marketplace Morning Report.

0:10.2

I'm Luke Wilson in Fuliana Burm. Good morning.

0:13.4

The Canadian Prime Minister, Mark Carney, says the United States is no longer a reliable partner.

0:19.4

Speaking after President Trump announced tariffs on all imports

0:22.7

of cars and car parts, Mr Carney said Canada will need to dramatically reduce its reliance on the

0:28.7

US. The old relationship we had with the United States, based on deepening integration of our

0:34.1

economies and tight security and military cooperations is over.

0:38.4

What exactly the United States does next is unclear.

0:41.4

But what is clear is that we, as Canadians, have agency.

0:45.2

We are masters in our own home.

0:48.5

We can control our destiny.

0:51.4

A phrase that's increasingly common on Canadian shelves in response to President Trump's

0:56.2

tariffs is made in Canada. It's left some firms with business in the US facing a choice, ride

1:02.3

out the uncertainty, or bring their operations back home known as reshoring. From Toronto,

1:08.0

here's the BBC's Sam Gruwe. In the Toronto store of bedding retailer, only fine linens, owner Joanna Goodman, is weighing up what's best for the business as US Canada trade tensions mount.

1:21.7

The products that we do bring in from the US, I would say, let's say it's about 20% of our entire offering.

1:26.4

You see how much inventory we have on the shelf.

1:28.5

So even 20% of our offering, it's quite a lot. Her giant warehouse is home to elegantly made up beds and

1:35.1

mannequins in silk pajamas. Nearly all of it is made in Canada. But I have a lot of inventory here

1:42.4

of American brands that I've had relationships with for 20 years.

1:46.4

I'm not just going to box them up and put them aside. So yeah, the question is, will I reorder?

...

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