North American manufacturing and retailers have been focused on moving their operations out of China — and closer to home — over the past few years. This shift has ramped up trade activity between the U.S. and its neighboring countries. In fact, trade between the U.S. and Canada surpassed $900 billion in 2022.
U.S. goods exports to Canada grew over 15% between 2021 and 2022, according to the Office of the U.S. Trade Representative. U.S. imports from Canada were up over 22% during that same time...