<\/p>\n
Canada is not alone in its reliance on U.S. purchasers.<\/p>\n
Canada and Mexico aren\u2019t the only countries that could suffer significant losses as a result of U.S. President Donald Trump\u2019s American-first trade policies. The U.K., France and Germany are all at risk as a result of their reliance on U.S. buyers.<\/p>\n
\u201cThe global economy is at an inflection point as trade policies reshape market dynamics,\u201d reports LSEG in study released Thursday. \u201cCountries most exposed to the U.S. market \u2014 whether through revenue dependence or financial market sensitivity, and those with heavy export reliance \u2014 must brace for potential disruptions.\u201d<\/p>\n
The study analyzed three channels \u2014 exposure to U.S. revenue, dependence on export revenues and the knock-on effect of U.S. equity market volatility.<\/p>\n
On the first, the FTSE Canada and FTSE UK indices are most exposed to U.S. revenues. Almost one-third (32.8%) of Canadian revenues come from south of the border. The same is true of 27.7% of the revenues reported by companies on the FTSE UK.<\/p>\n
In terms of export dependence, Germany ranks highest \u2014 42.4% of its GDP comes from exports. Mexico\u2019s is 37.6%, France\u2019s is 32.3%, Canada\u2019s is 31.9% and the U.K.\u2019s is 30.4%. That\u2019s based on a study of 10-year average GDP reported from 2014 to 2023.<\/p>\n
The South Africa index is most exposed to U.S. market volatility. Germany ranks second in terms of exposure, Mexico is fifth, Canada is sixth, France is seventh and the U.K. is 10th. The FTSE study based its ranking on a five-year comparison of the countries\u2019 indices versus the FTSE USA, as of Jan. 31.<\/p>\n
\u201cThe interconnectedness of global supply chains means that trade policies, particularly tariffs, can have far-reaching consequences beyond the countries directly involved,\u201d write co-authors Indrani De, head, global investment research at FTSE Russell and Sayad Reteos Baronyan, director, multi-asset research at FTSE Russell. \u201cRecent shifts in U.S. trade policies highlight the potential for economic disruption, affecting trade flows, investor sentiment and global equity markets.\u201d<\/p>\n
By contrast, just 3% of FTSE China revenues come from the U.S., 20.1% of its GDP comes from exports and the country\u2019s stock index has a \u201clower U.S. beta exposure,\u201d according to the report, comparable to that of Saudi Arabia and India.<\/p>\n
The report\u2019s authors note that trade policy uncertainty is \u201ca more potent driver of volatility\u201d than other kinds of policy question marks.<\/p>\n
\u201cIn 2018, escalating trade tensions between the United States and China led to a surge in market swings, reflecting investor unease over the potential economic fallout,\u201d LSEG notes. \u201cThis pattern suggests that markets react more forcefully when uncertainty is tied to structural economic risks rather than political events.<\/p>\n
\u201cSimilarly, systemic shocks such as the global financial crisis of 2008 and the Covid-19 pandemic in 2020 triggered sharp spikes in volatility, reinforcing the idea that uncertainty alone is not enough to unsettle markets \u2014 what matters is whether it carries real economic consequences,\u201d it said.<\/p>\n
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Canada is not alone in its reliance on U.S. purchasers. Canada and Mexico aren\u2019t the only countries that could suffer significant losses as a result of U.S. President Donald Trump\u2019s American-first trade policies. The U.K., France and Germany are all at risk as a result of their reliance on U.S. buyers. \u201cThe global economy is […]<\/p>\n","protected":false},"author":1,"featured_media":3553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/03\/Wall-Street-77.jpg",668,445,false],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/03\/Wall-Street-77-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/03\/Wall-Street-77-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/03\/Wall-Street-77.jpg",669,446,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=3552"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3552\/revisions"}],"predecessor-version":[{"id":3554,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3552\/revisions\/3554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/3553"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=3552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=3552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=3552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}