Canada’s Prime Minister Stresses Independence in U.S. Trade Talks
Canadian PM Mark Carney says Canada will not rush into a trade deal with the U.S., emphasizing stronger, more self-reliant economic ties.
POLICY WIRE — Toronto, Canada — Canadian Prime Minister Mark Carney delivered a strong message to American counterparts, stating that Canada will not hastily pursue a trade agreement with the United States. Instead, he emphasized the need for a more resilient and independent economic strategy.
Speaking at the Canada Investment Summit in Toronto, Carney addressed global investors, saying, We will always be neighbors. He highlighted the importance of mutual respect and sovereignty in building long-term partnerships, adding that when opportunities arise, Canada will be a more capable and stable ally.
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The remarks come amid rising tensions following the collapse of formal negotiations last month, which led to 50% U.S. tariffs on $20 billion in Canadian goods. In response, Ottawa imposed its own retaliatory measures. Despite these challenges, Carney noted that approximately 80% of bilateral trade remains tariff-free and expressed willingness to finalize an agreement when the time is right. He also announced plans to raise billions for infrastructure by offering long-term concessions for Canada’s four largest airports.
Reporting by Policy-Wire (PW)
