Canada to Diversify from US Trade

Canadian Prime Minister Mark Carney announced a significant shift in Canada's economic strategy, aiming to reduce the nation's reliance on the United States. Citing the United States' changed approach to trade, including increased tariffs under President Donald Trump, Carney stated that Canada's strong economic ties to its southern neighbor have become a weakness. He outlined plans to strengthen the Canadian economy through new investments, diversification of trade partners, increased defense spending, and internal trade barrier reductions. This policy shift comes amidst ongoing tensions over tariffs on Canadian goods like steel and autos, and ahead of a review of the North American Free Trade Agreement. Carney's statements follow his recent securing of a majority government and previous criticisms of economic coercion by larger powers.