There is a “misimpression” about the extent ofCanada’seconomic reliance on the United States, Prime Minister Mark Carney said Thursday, again pushing back on suggestions Ottawa must capitulate to Washington’s trade demands.
Canada and the United States are heading towards fractious negotiations on the future of a North American free trade agreement that President Donald Trump signed and praised in his first term, but now says is “irrelevant.”
The Trump administration’s key trade figures — Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer — have been highly critical of Canada’s posture ahead of talks set to accelerate over the coming weeks.
Appearing in Congress on Wednesday, Lutnick defended Washington’s tough rhetoric and said “Canada’s economy leans on the incredible 30 trillion dollar economy of America.”
Carney told reporters on Thursday that “there is a misimpression, by some, of the degree to which we are reliant on the United States.”
“Yes, it is our biggest trading partner by far. We are also their second-biggest trading partner. There is a symbiosis between the two,” the prime minister said.
Canada’s “destiny is first and foremost going to be determined by what we do here.”
Trump has repeatedly said the US economy does not need anything Canada produces and told the World Economic Forum in January that “Canada lives because of the United States.”
Greer’s comments about Canada have been more muted.
He said this month that “pillars” of the United States-Mexico-Canada Agreement (USMCA) are functioning reasonably well and would likely be preserved, while stressing substantial parts of the deal need to be changed.
Source: Insider Paper
