EU says the alliance with Canada "is not directed against anyone" after Trump's threats
- On Wednesday, European Commission President Ursula von der Leyen proposed making Canada the European Union's first-ever 'associate member,' a new legal status designed to deepen cooperation on defense, technology, and Arctic projects.
- EU officials stressed the partnership is 'not against anyone else, but for our common strength,' following surging trade ties. Trade between the EU and Canada has jumped more than 80 percent since 2016, fueling deeper alignment.
- Canadian Prime Minister Mark Carney welcomed the proposal as 'natural' on Thursday, calling for an 'alliance of the future' between Canada and the 27-nation EU bloc to reinforce mutual sovereignty.
- President Donald Trump dismissed the proposal as 'laughable' in North Carolina on September 16, threatening to impose 'very serious tariffs' or 'stop trading with Europe' if the plan proceeds.
- Benjamin Haddad, France's European affairs minister, asserted Thursday that the U.S. holds no veto over the bloc's sovereign decisions, as preparations for an EU-Canada summit in Montreal next month focus on tangible agreements.
184 Articles
184 Articles
Canadian business leader warns trade uncertainty risks 'capital chill' as USMCA talks drag on
Goldy Hyder, the CEO of the Business Council of Canada warns that ongoing uncertainty over the USMCA trade agreement risks creating a "capital chill" for investments.
USMCA uncertainty chills investment across North America
Uncertainty over the U.S.-Mexico-Canada Agreement is making it harder for companies to decide when or where to deploy capital. Canada is seeking more trade and investment beyond North America, yet its dependence on the United States remains too large for diversification to replace a stable regional framework. Nearly 68% of Canadian exports have gone to the United States this year, and roughly 80% of those shipments moved duty-free under USMCA ex…
Farmers facing uncertainty amid Canada-U.S. trade deals
Canada-U.S. trade tensions are impacting Ontario farmers by creating market uncertainty, raising equipment costs, and disrupting cross-border agricultural supply chains. Following failed trade talks, the U.S. imposed tariffs of up to 50 per cent on roughly $20 billion in Canadian goods, including dairy, alcohol, cut flowers and honey. The U.S. tariffs came into effect last month. In response, Canada implemented a counter-tariffs on some products…
‘Not exactly where we want to be’: Investment strategist on Canada-U.S. relations
As Prime Minister Mark Carney’s government continues to pursue economic partnerships with countries outside the U.S., the need for Canada to reach a new trade deal with its southern neighbour is only intensifying, an expert says.
My New Montreal Economic Institute Paper on "The Legal Battle Over Trump's Tariffs: Implications for Canada"
The paper provides an overview of the legal vulnerabilities of the Trump tariffs against Canadian goods, and what can be done to prevent a recurrence of his abuses.
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