Carney says Canada can emerge from Trump's trade war with a stronger and independent economy
Summary
Canadian Prime Minister Mark Carney said Canada wants to become a stronger and more independent economy after its trade conflict with the United States. He emphasized that Canada values the partnership with the U.S. but will wait for the right time to make a new trade deal.Key Facts
- Canada is working to build a more resilient and independent economy amid its trade dispute with the U.S.
- Carney spoke at the Canada Investment Summit in Toronto, addressing global investors.
- Canada plans to raise money by allowing private companies to operate its four largest airports, while keeping the ownership public.
- Carney criticized the U.S. trade approach, which focuses on short-term deals and winning at others’ expense.
- About 80% of Canada-U.S. trade still happens without tariffs despite recent conflicts.
- Trade talks between Canada and the U.S. broke down last month, leading to U.S. tariffs on Canadian goods and Canadian retaliation.
- President Donald Trump has pressured trading partners with tariffs and talked about making Canada a U.S. state, which worsened relations.
- Carney will speak to the European Parliament as part of his efforts to strengthen ties with other like-minded countries.
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