{"id":38892,"date":"2026-05-09T22:56:58","date_gmt":"2026-05-09T22:56:58","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/38892\/"},"modified":"2026-05-09T22:56:58","modified_gmt":"2026-05-09T22:56:58","slug":"canada-must-seek-non-u-s-trade-partners-to-shore-up-vulnerabilities-carney-tells-global-summit","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/38892\/","title":{"rendered":"Canada must seek non-U.S. trade partners to shore up \u2018vulnerabilities,\u2019 Carney tells global summit"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

Prime Minister Mark Carney speaks at the Global Progress Action Summit in Toronto on Saturday.Sammy Kogan\/The Canadian Press<\/p>\n

Prime Minister Mark Carney says that while Canada has long benefited from its proximity to the United States, it needs to seek new partners so that it\u2019s no longer reliant on that partnership.<\/p>\n

\u201cWe need to build new trade relationships in order to move from reliance to resilience,\u201d Mr. Carney told supporters and delegations from several European countries gathered Saturday at the Global Progress Action Summit in Toronto. <\/p>\n

Mr. Carney said the Canadian government is grateful for its relationship with the United States, adding \u201cwe did say thank you,\u201d in a jab directed at U.S. President Donald Trump who earlier this year said Canada was ungrateful for the \u201cfreebies\u201d it receives from its southern neighbour.<\/p>\n

\u201cBut as the U.S. changes dramatically its policies, and that\u2019s the right of the United States, as it changes those policies, many of our former strengths have become our vulnerabilities,\u201d he said. However, he said Canada still has the best trade deal with the U.S.<\/p>\n

\u201cOur response begins by reimagining aspects of North American integration. To be absolutely clear, Canada, like Mexico, Canada remains open to deeper integration, including options for fortress North America in selected sectors. And to be clear, those offers are on the table. But if that route is not ultimately possible, we will invest heavily in new markets.\u201d<\/p>\n

Editorial: The trade deal with China is not a leash<\/a><\/p>\n

Canada, the U.S. and Mexico are entering a scheduled review of the USMCA, a trilateral free trade agreement that has been in effect since July 1, 2020. The agreement specifies that the three parties must meet on July 1 and agree to extend it for 16 years or start a process of annual reviews for 10 years, after which the pact would end. Any of the countries can withdraw on six months\u2019 notice.<\/p>\n

Last month, Mr. Carney said in a video address that Canada\u2019s close economic ties to the U.S.<\/a> \u2013 once a strength \u2013 had become weaknesses that must be corrected. <\/p>\n

The Prime Minister has often spoken about the importance of Canada building new trade relationships beyond the United States. <\/p>\n

On Saturday, Mr. Carney said the federal government would reward companies that produce, buy and build in Canada and will form new partnerships abroad. He reiterated some of the government\u2019s commitments, such as moving forward with a $500-billion investment in defence and security over the next decade.<\/p>\n

However, he said building strategic autonomy also means forming new partnerships abroad and raising a number of trade deals Canada hopes to sign. He said Canada is the only non-European country to join Security Action for Europe, the European Union\u2019s defence procurement initiative.<\/p>\n

Mr. Carney also talked about how people around the world are feeling a loss of control, whether it\u2019s over the rising cost of living, immigration or technology.<\/p>\n

\u201cAnd the loss of control that people feel that feeds our age of anxiety, it can only be answered by positive action, by building what comes next.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Prime Minister Mark Carney speaks at the Global Progress Action Summit in Toronto…\n","protected":false},"author":2,"featured_media":38893,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[164,224,238,214,212,239,17,211,230,231,227,213,210,235,171,234,143,222,249,215,216,229,225,226,219,240,220,244,245,247,242,246,94,243,217,142,233,113,232,241,223,236,237,228,221,218,248],"class_list":{"0":"post-38892","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-alberta","9":"tag-arts-news","10":"tag-bc","11":"tag-breaking-news","12":"tag-breaking-news-video","13":"tag-british-columbia","14":"tag-canada","15":"tag-canada-news","16":"tag-canada-sports","17":"tag-canada-sports-news","18":"tag-canada-trafficcanada-weather","19":"tag-canadian-breaking-news","20":"tag-canadian-news","21":"tag-economy","22":"tag-education","23":"tag-environment","24":"tag-federal-government","25":"tag-foreign-news","26":"tag-globe-and-mail","27":"tag-globe-and-mail-breaking-news","28":"tag-globe-and-mail-canada-news","29":"tag-government","30":"tag-life-news","31":"tag-lifestyle","32":"tag-local-news","33":"tag-manitoba","34":"tag-national-news","35":"tag-new-brunswick","36":"tag-newfoundland-and-labrador","37":"tag-northwest-territories","38":"tag-nova-scotia","39":"tag-nunavut","40":"tag-ontario","41":"tag-pei","42":"tag-photos","43":"tag-political-news","44":"tag-political-opinion","45":"tag-politics","46":"tag-politics-news","47":"tag-quebec","48":"tag-sports-news","49":"tag-technology","50":"tag-travel","51":"tag-trudeau","52":"tag-us-news","53":"tag-world-news","54":"tag-yukon"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/38892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=38892"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/38892\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/38893"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=38892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=38892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=38892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}