U.S. tariffs are about to trigger the greatest trade diversion the world has ever seen

By Wolfgang Alschner, Hyman Soloway Chair in Business and Trade Law, L’Université d’Ottawa/University of Ottawa

United States President Donald Trump’s tariffs have shaken the global trading system. Canadians have rightly been preoccupied by the tariff’s devastating impact on U.S.-Canada relations, but the wider ripple effects could prove just as damaging.

The tariffs have redirected billions of dollars in exports originally bound for the U.S., which are now poised to flood global markets — including Canada’s. This will trigger a historic trade diversion…

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