The Tamesis
U.S. President Donald Trump’s imposition of steep tariffs on all trading partners has spurred the rise of new trade alliances that are beginning to reframe global deals away from the United States.
Washington’s closest neighbor, Canada, was a key driver of the shakeup forced by current White House officials.
Today we learned that Prime Minister Mark Carney will travel to Delhi and Canberra in March to diversify the country and woo friendlier “middle power” trading partners.
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In mid-January, Carney was in Beijing to negotiate “preliminary agreements” on selected goods worth $3 to $7 billion – selling agricultural exports such as canola oil, lobsters, crabs and peas in exchange for Limited number of electric vehicles (49,000 this year, rising to 70,000 by around 2030).
This may sound like a lot, but ottawa says It accounts for only 3% of the local car market.
Trump unhappy with trade deal with China Threats to impose 100% tariffs on Canadian exports If Carney “makes a deal” with Beijing.
Carney say sunday He respects the CUSMA agreement with the United States and Mexico and has “no intention” of pursuing a free trade agreement with China.
However, he is keen to expand Canada’s exports outside the United States over the next decade, perhaps doubling them.
He also wants to reset relations with India after his predecessor Justin Trudeau accused New Delhi of involvement in the 2023 murder of a Sikh activist, which India denies.
India and Canada to reach multiple agreements
A senior official in New Delhi told Reuters on Monday, Canadian leader to visit India Agreements on uranium, energy, minerals and artificial intelligence were signed in the first week of March.
Indian High Commissioner to Canada Dinesh Patnaik said formal negotiations for a Comprehensive Economic Partnership agreement with India should begin in March.
Carney is expected to sign a ten-year uranium supply deal with Delhi if Delhi agrees to comply with International Energy Agency standards, as well as smaller deals in oil and gas, environment, artificial intelligence, quantum computing and education and culture, the report said.
Patnaik said both countries were acting with a sense of urgency and he expected agreements on deals in critical minerals, oil and liquefied natural gas to be the most important. He expects a comprehensive deal to be reached within a year.
But a Canadian court case over the killing of Sikh separatist Hardeep Singh Nijjar could jeopardize a comprehensive free trade agreement if evidence emerges that Indians were involved, according to reports. Top Indian security officials will discuss the issue when they visit Ottawa next month.
Meanwhile, Australian Prime Minister Anthony Albanese said over the weekend that Carney would visit Canberra in the same month (March) to address federal parliament.
This series of developments shows that the Canadian leader is competent and has given Memorable speech in Davos last weekhas become a nimble and flexible operator in an era of rapid global change.
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