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Ontario expands trade missions to Asia and Europe to cut U.S. reliance, focusing on key industries amid rising tariffs.
Ontario’s economic development minister Vic Fedeli is expanding trade missions to Asia and Europe to reduce reliance on the U.S. amid rising tariffs, focusing on life sciences, tech, defence, and electric vehicle supply chains.
His efforts follow a record 2024 year with $40 billion in foreign investment and 24,711 jobs created, though critics highlight ongoing job losses and high unemployment in the province.
Federal officials support broader trade diversification, especially in defence and green technology.
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Ontario expande las misiones comerciales a Asia y Europa para reducir la dependencia de Estados Unidos, centrándose en industrias clave en medio del aumento de los aranceles.