Mark Carney, the Prime Minister of Canada, announced that his country intends to emerge from the trade conflict with the United States as a stronger and self-sufficient economy. Carney stated at the Canada Investment Summit in Toronto that Ottawa is prepared to wait for favorable conditions and will not rush into a trade agreement with Washington.
Emphasis on Sustainable Cooperation
Carney told global audiences: "We will always be neighbors" and emphasized that sustainable relationships require "real partnerships that respect each other's traditions and sovereignty." He added that Canada will be a better partner at the right time, stating: "We will be stronger, more resilient, and more independent."
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Attracting Private Investments
The Prime Minister of Canada introduced plans to attract private investments through granting long-term operational concessions for the country's four major airports. Public ownership of land and infrastructure assets will be maintained, and this move could raise tens of billions of dollars for infrastructure projects.
Carney, without directly mentioning Donald Trump, criticized the zero-sum mindset that has increasingly defined the recent U.S. trade strategy. He stated: "Our reputation as a reliable and predictable partner in a world where transactions replace relationships has never been more valuable."
Challenges in Trade Relations
Carney referred to the challenges arising from Trump's frequent use of tariffs and his efforts to shift manufacturing investments toward the southern border. However, he noted that nearly 80 percent of bilateral trade remains tariff-free.
Carney continued, saying: "When the right time for an agreement comes, we will be ready." Formal trade negotiations last month ended in failure, and Washington imposed a 50 percent tariff on about $20 billion in Canadian imports, leading to retaliatory measures from Ottawa.
Carney stated that Canada must look forward, asserting: "We know that nostalgia is not a strategy." He also informally referenced current tensions, saying: "In Canada, they give you the key. In the United States, you might get shot."
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Source: independent.co.uk
