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Canada Pitches Fresh US Trade Proposals, Warns of Turbulence
world1 month ago

Canada Pitches Fresh US Trade Proposals, Warns of Turbulence

Canada unveiled fresh, detailed trade proposals to the US aimed at renewing USMCA for another 16 years and strengthening North American competitiveness, while cautioning that negotiations may still be turbulent. After a Washington meeting with US Trade Representative Jamieson Greer, Dominic LeBlanc emphasized Canada’s focus on forced-labor rules and autos policy and said talks will continue in coming days, even as the US proposes tariffs on about 60 partners that would exempt USMCA-compliant Canada shipments. Mexico has already begun bilateral talks, and Ottawa says the deal can be extended if it benefits all three nations.

via Yahoo Finance|
#autos-policy#canada-us-trade#tariffs
Canada’s Auto Industry Retreat: Tariffs and Trade Shifts Reshape the Detroit Footprint
business1 month ago

Canada’s Auto Industry Retreat: Tariffs and Trade Shifts Reshape the Detroit Footprint

U.S. automakers once dominated Ontario’s plants, but tariffs, policy shifts under Trump, and a pivot toward electric vehicles have weakened their Canadian footprint. Production in Canada has fallen to about 1.2 million vehicles annually, with Detroit-based firms accounting for roughly 38% of assembly jobs in 2024 (and last year just 23% of output), as Asian automakers gain ground. Ottawa is exploring diversification—allowing some Chinese EVs and courting Korean investment—while negotiations around the USMCA/NAFTA trade framework remain unsettled.

via The New York Times|
#auto-industry#business#canada-us-trade
Canada Diversifies Trade Ambitions with India-Australia-Japan Swing
world4 months ago

Canada Diversifies Trade Ambitions with India-Australia-Japan Swing

Prime Minister Mark Carney travels to India, Australia and Japan to reduce Canada's dependence on the US, meeting Modi, Albanese and Takaichi; the trip will push energy, AI, defense, critical minerals, maritime security and food security cooperation, with Canada aiming to double non-US exports within a decade amid ongoing US tariffs and talks on the USMCA.

via BBC|
#canada-us-trade#export-diversification#india-trade-talks
world5 months ago

Carney Defends Davos Speech as Trump Pressures Canada-U.S. Trade Shift

Canadian Prime Minister Mark Carney defended his Davos World Economic Forum address urging middle powers to stand up to U.S. hegemony, insisting he meant what he said as Canada recalibrates its trade relationship with the United States under the USMCA and expands overseas ties; Trump publicly rebuked him, suggesting he walked back remarks and threatening tariffs, with Treasury Secretary Scott Bessent saying Carney should pursue Canada’s interests rather than a so-called globalist agenda.

via Politico|
#canada-us-trade#carney#davos