Canadian prime minister urges changes to economic ties with US
AP News • • general
Key Points:
- Canadian Prime Minister Mark Carney stated that Canada’s historical economic reliance on the United States, once a strength, has become a weakness due to recent U.S. trade policies, particularly increased tariffs under President Donald Trump.
- Carney emphasized the need for Canada to diversify its economy by attracting new investments, signing trade deals with other countries, and reducing internal trade barriers to reduce dependence on the U.S.
- He highlighted the negative impact of U.S. tariffs on Canadian industries such as auto and steel, and criticized the uncertainty these policies have caused for businesses and workers.
- Carney pledged to provide regular updates on efforts to strengthen Canada’s economy and security, stressing that relying on the U.S. to return to previous trade norms is unrealistic.
- The remarks follow Carney’s recent electoral success and come ahead of the scheduled review of the North American Free Trade Agreement, signaling a strategic shift in Canada’s approach to its southern neighbor.
 { path { fill: %23EEEFE9 } })