INSUBCONTINENT EXCLUSIVE:
Canada is moving to lower its dependence on the United States after new tariffs upended years of stable trade.Official figures show Canada
traded over C$1 trillion with the U.S
last year, but recent U.S
a trade bloc that includes Brazil, Argentina, Paraguay, and Uruguay
products now face tariffs up to 35 percent
Canada has long relied on the U.S
for nearly 75 percent of its exports, making it vulnerable to rapid policy changes in Washington.This year, official export statistics
market share dropped to 68 percent, as Canadian businesses faced higher costs and slower sales.Canada Looks to Mercosur as U.S
Tariffs Trigger Trade Rethink.(Photo Internet reproduction)To reduce this risk, Canadian leaders have signed new deals with Ecuador and the
United Arab Emirates, expanded talks with Southeast Asian nations, and reopened discussions with China and India.They hope these steps,
along with talks with Mercosur, will help Canadian businesses find new customers and keep jobs at home
Transport data from the government shows most trade still moves through U.S
infrastructure.Shifting trade overseas will mean investing more in ports and shipping, and officials admit this is a long process
material costs, and the risks of overreliance on a single market
Each decision, as confirmed by trade ministry data and government speeches, puts the focus on protecting Canadian workers and helping
companies bounce back from current shocks.
