Carney: Canada not as dependent on US as it seems

Canadian Prime Minister Mark Carney has said that Canada’s dependence on the United States is not as strong as commonly believed, rejecting calls for Ottawa to yield to US trade pressure.

Speaking to journalists, Carney acknowledged that the United States is Canada’s largest trading partner, but emphasised that the relationship is mutual, BFM reports.

“Yes, it is certainly our largest trading partner. But we are also their second-largest trading partner,” he said, adding that the two economies share a “mutual symbiosis” and that Canada’s future is determined primarily by its own policy choices.

His remarks come ahead of negotiations on a review of the USMCA trade agreement, which was initiated by the administration of President Donald Trump, who has previously signalled intentions to overhaul its terms.

US officials have increased criticism of Canada in recent weeks. US Commerce Secretary Howard Lutnick argued that the Canadian economy relies heavily on the strength of the American economy and criticised Ottawa’s retaliatory measures, including restrictions on US alcohol sales in Ontario.

Carney responded by stating that certain US tariffs in specific sectors violate USMCA provisions and reaffirmed Canada’s readiness for tough negotiations with Washington over the future of the agreement.