Canada shifts economic strategy amid U.S. trade tensions. Prime Minister Mark Carney declared in a video address that Canada's historically strong economic ties to the United States have become a weakness requiring correction. This shift comes as Trump administration tariffs reach Depression-era levels, impacting Canadian auto and steel industries. Carney emphasized the need to diversify trade partnerships and reduce dependence on a single foreign partner. His government plans to attract new investments, expand clean energy capacity, and lower internal trade barriers. The comments reflect growing tensions between the nations, with a scheduled review of the North American Free Trade Agreement set for July. Carney promised regular updates on diversification efforts as Canada reassesses its economic strategy.
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