According to The Kobeissi Letter, in 2023, Canada exported CAD$700 billion to the United States, surpassing its interprovincial exports, which totaled CAD$532 billion. This highlights a significant preference for international trade with the US over domestic interprovincial trade. The report also noted that declining consumer confidence was a concern even before the imposition of tariffs, which could impact future trading decisions and strategies.

According to The Kobeissi Letter, Mexico is planning to raise tariffs on Chinese goods and increase purchases from the US in order to circumvent a 25% tariff threatened by President Trump. This move may impact trade flows, potentially benefiting US exports while affecting Chinese imports into Mexico.