“ In response to growing tensions in trade relations with the US, Canadian Prime Minister Mark Carney has embarked on an ambitious Asian tour aimed at strengthening economic ties with China and India. Source: Financial Times Details: Trade relations between Canada and the United States, two of the world’s largest trading partners, have been severely tested recently. On Thursday, US President Donald Trump unexpectedly announced the termination of all trade negotiations with Canada. The reason was an advertising campaign launched by the province of Ontario, which used archival footage from the speech of former US President Ronald Reagan, who criticized the policy of customs tariffs. Trump called the ad “fraudulent” and accused Canada of trying to influence the decisions of American courts. “We cannot control the trade policy of the United States,” Carney told reporters Friday before leaving. “What we can control is the development of new partnerships and opportunities, particularly with the economic giants of Asia,” Carney added. The move was the culmination of a months-long trade dispute, including the U.S. imposing tariffs on Canadian steel, aluminum and autos. In response, Ottawa introduced its own countermeasures. Literally: “Carney, who has already visited Europe four times in five months, is looking to improve Ottawa’s troubled relations with Beijing and New Delhi and is seeking opportunities to strike deals with partners in the Indo-Pacific region in sectors such as energy, critical minerals, beef and dairy, and artificial intelligence.” Details: The prime minister will travel to Malaysia for the Association of Southeast Asian Nations (ASEAN) summit starting on Sunday, before visiting Singapore before heading to the Asia-Pacific Economic Cooperation (APEC) forum in South Korea on October 29. Carney is expected to meet with Chinese leader Xi Jinping on the sidelines of the APEC summit. In addition, Carney plans to visit the Hanwha Ocean Shipyard, which is competing to build 12 submarines for the Canadian Navy. President of the Business Council of Canada, Goldie Heider, said she expects “concrete steps that will turn dialogue into action, open new markets and attract investment.” Bijan Ahmadi, executive director of the Canada-China Business Council, said that despite trade disputes, bilateral relations are “undergoing a much-needed reassessment.” In June, India and Canada restored diplomatic relations, ending a two-year rift caused by New Delhi’s accusations of involvement in the killing of Canadian Sikh activist Hardeep Singh Nijar. Veena Najibullah, vice-president of research and strategy at the Asia Pacific Foundation of Canada, said Carney is “reimagining Canadian foreign policy.” “The old assumptions don’t work anymore, so we need to change our approach to the world – this is pragmatic diplomacy,” she said. Background: Trump in September announced 35 percent tariffs on all Canadian imports, excluding products covered by the 2020 U.S.-Canada-Mexico deal. Canadian Prime Minister Mark Carney has repeatedly traveled to Washington for trade talks over the past month. Canada has previously made numerous concessions to the US, including eliminating some counter-tariffs and waiving a digital services tax aimed at US tech companies.”, — write: www.pravda.com.ua
Mark Carney. Photo: Getty Images Source: Financial Times
Details: The trade relationship between Canada and the United States, two of the largest trading partners in the world, has recently been severely tested. On Thursday, US President Donald Trump unexpectedly announced on the termination of all trade negotiations with Canada.
Advertising:
The reason was an advertising campaign launched by the province of Ontario, which used archival footage from the speech of former US President Ronald Reagan, who criticized the policy of customs tariffs. Trump called the ad “fraudulent” and accused Canada of trying to influence the decisions of American courts.
“We cannot control the trade policy of the United States,” Carney told reporters Friday before leaving.
“What we can control is the development of new partnerships and opportunities, particularly with the economic giants of Asia,” Carney added.
The move was the culmination of a months-long trade dispute, including the U.S. imposing tariffs on Canadian steel, aluminum and autos. In response, Ottawa introduced its own countermeasures.
Literally: “Carney, who has already visited Europe four times in five months, is looking to improve Ottawa’s troubled relations with Beijing and New Delhi and is looking for opportunities to strike deals with partners in the Indo-Pacific region in sectors such as energy, critical minerals, beef and dairy, and artificial intelligence.”
Details: The prime minister will travel to Malaysia for the Association of Southeast Asian Nations (ASEAN) summit starting on Sunday, before visiting Singapore before heading to the Asia-Pacific Economic Cooperation (APEC) forum in South Korea on October 29.
Carney is expected to meet with Chinese leader Xi Jinping on the sidelines of the APEC summit. In addition, Carney plans to visit the Hanwha Ocean Shipyard, which is competing to build 12 submarines for the Canadian Navy.
President of the Business Council of Canada, Goldie Heider, said she expects “concrete steps that will turn dialogue into action, open new markets and attract investment.”
Bijan Ahmadi, executive director of the Canada-China Business Council, said that despite trade disputes, bilateral relations are “undergoing a much-needed reassessment.”
In June, India and Canada restored diplomatic relations, ending a two-year rift caused by New Delhi’s accusations of involvement in the killing of Canadian Sikh activist Hardeep Singh Nijar.
Veena Najibullah, vice-president of research and strategy at the Asia Pacific Foundation of Canada, said Carney is “reimagining Canadian foreign policy.”
“The old assumptions don’t work anymore, so we need to change our approach to the world – this is pragmatic diplomacy,” she said.
Prehistory:
- Trump in September announced 35 percent tariffs on all Canadian imports, excluding products covered by the 2020 U.S.-Canada-Mexico deal.
- Canadian Prime Minister Mark Carney has repeatedly traveled to Washington for trade talks over the past month.
- Rani Canada has made numerous concessions to the US, including eliminating some counter-tariffs and abandoning a digital services tax aimed at American technology companies.