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Canada aims to double non-U.S. exports in 10 years due to rising U.S. tariffs and trade risks.
Canadian Prime Minister Mark Carney has set a goal to double Canada’s exports to countries other than the United States within the next decade, citing rising U.S. tariffs and shifting trade policies as key drivers.
He warned that longstanding economic ties with the U.S. have become vulnerabilities, particularly for industries like autos, steel, and lumber, amid trade barriers comparable to those during the Great Depression.
Despite recent diplomatic easing, ongoing tariffs continue to disrupt investment.
Carney emphasized the need for economic diversification, highlighting Canada’s vast energy resources and critical mineral exports, while pushing for stronger trade relationships with India, China, and other global markets.
The upcoming 2026 review of the Canada-U.S. free trade agreement adds urgency to the shift.
The plan will require time, strategic planning, and difficult choices, with the 2025 budget expected to outline key steps.
Canadá pretende duplicar las exportaciones no estadounidenses en 10 años debido al aumento de los aranceles estadounidenses y los riesgos comerciales.