Canada's Trade Diversification: A Long Overdue Response to US Protectionism Canada is finally taking steps towards reducing its over reliance on the US market, driven by Donald Trump's escalating trade war.
This decision is not just a reaction to Trump's tariffs but a recognition that the Canadian economy needs to be more resilient and diversified.
The Comprehensive Economic and Trade Agreement (CETA), signed in 2016, has deepened trade between Canada and the EU, removing nearly 98% of tariffs on trade between the two parties.