Canada Diversifies Trade Amid US Tariff Threats; Energy Minister Heads to India
Business
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Moneycontrol•26-01-2026, 07:27
Canada Diversifies Trade Amid US Tariff Threats; Energy Minister Heads to India
- •Canada is committed to diversifying trade away from the US, despite threats from the Trump administration regarding tariffs on Canadian goods.
- •Foreign Minister Anita Anand stated Canada is not pursuing a free trade deal with China but must expand non-US exports.
- •Energy Minister Tim Hodgson is visiting Goa, India, for an energy conference and meetings with Indian officials.
- •Discussions in India will focus on cooperation in critical minerals, uranium, and liquefied natural gas.
- •The US-Canada trade relationship remains strong, but the US is concerned about Canada becoming a conduit for Chinese goods.
Why It Matters: Canada is actively diversifying its trade partners, including India, amidst US tariff concerns and Chinese EV deals.
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