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Canada's #ElbowsUp: Boycott Spurs U.S. Export Decline

12/31/2025

46 4 Full Breakdown

Summary

Story summary

Canada’s #ElbowsUp movement has emerged in response to tariffs from U.S. President Donald Trump, signaling a boycott of U.S. products.
Exports of American spirits to Canada fell 85% in Q2 2025, and Canadian spirits rose 3.6%.
U.S. tourism spending is projected to fall 3.2% in 2025 due to fewer Canadian visitors.
The Canadian government is pursuing trade diversification toward Europe and regions as U.S. relations strain, while gold prices surge.

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Story summary

Canada’s #ElbowsUp movement has emerged in response to tariffs from U.S. President Donald Trump, signaling a boycott of U.S. products.
Exports of American spirits to Canada fell 85% in Q2 2025, and Canadian spirits rose 3.6%.
U.S. tourism spending is projected to fall 3.2% in 2025 due to fewer Canadian visitors.
The Canadian government is pursuing trade diversification toward Europe and regions as U.S. relations strain, while gold prices surge.