Canadian Prime Minister Mark Carney has set a goal for Canada to double its non-U.S. exports over the next decade, amid the economic challenges posed by U.S. tariffs.
Carney Pushes Trade Diversification Plan
While addressing Canadians on Wednesday, he emphasized the need for Canada to diversify its trade partners. He highlighted the impact of American tariffs on Canadian industries, particularly the auto, steel, and lumber sectors.
Carney is scheduled to unveil the national budget on Nov. 4.
“The jobs of workers in our industries most affected by U.S. tariffs — autos, steel, lumber — are under threat. Our businesses are holding back investments, restrained by the pall of uncertainty that is hanging over all of us,” Carney stated.
He also acknowledged the shift in the U.S.’s trade approach and stressed,
Canada PM Mark Carney Aims To Double Non-US Exports Amid US Tariffs Trouble: ‘Can’t Rely On One Foreign Partner’
