CANADIAN EXPORTERS INQUIRE ON TRADE INSURANCE AS TRUMP'S TARIFFS HEIGHTEN RISK
https://media.zenfs.com/en/reuters-finance.com/9dd7a16f15ebe9776325f852f3f49ae8
✍️ A little-known insurance product, trade credit insurance, is gaining popularity in Canada as exporters seek to protect themselves against losses and bankruptcies of their suppliers and customers due to US President Donald Trump's tariffs.
👉 Trade credit insurance covers 90% of lost payments due to insolvencies of foreign customers 👉 Canadian exporters have been hesitant to use trade credit insurance due to minimal risks under free trade agreements 👉 Demand for coverage has increased due to Trump's tariffs causing uncertainty 👉 The government has launched programs to educate businesses about trade credit insurance 👉 Inquiries have jumped 10% since January
-- #PromitMukherjee #DonaldTrump #AgathaAlstrom #DavidDienesch #MichelleDavy #DanishYusuf #Ottawa #Canada #UnitedStates #Europe #business
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