A way for Canada to reduce its dependency on the U.S. would be to diversify its trading partners, which, in turn, would strengthen Canada’s bargaining position.
Would have been nice of the author to mention the massive amount of trade deals that Canada already has.
Canada is the only G7 nation to have free trade agreements with every other G7 nation. The wikipedia page on Canadas trade deals is huge, 15 free trade agreements with 51 countries.
And most of the countries he suggested in the article are under active negotioation, the big ones being:
ASEAN
Indonesia
Mercosur
Canada could have free trade agreements with every country on the planet and would still probably trade more with the US because they’re right there, they make a lot of stuff, and are the worlds largest economy… We cant teleport goods around the planet yet.
I think that targeted public funding to create domestic industries would be a much better way to secure the economy against US isolationism. Specifically in high tech industries. Why export 100$ worth of lumber to buy 1000$ worth of chairs if youll pardon my gross economic oversimplification.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !canada@lemmy.ca
Would have been nice of the author to mention the massive amount of trade deals that Canada already has.
Canada is the only G7 nation to have free trade agreements with every other G7 nation. The wikipedia page on Canadas trade deals is huge, 15 free trade agreements with 51 countries.
And most of the countries he suggested in the article are under active negotioation, the big ones being:
Canada could have free trade agreements with every country on the planet and would still probably trade more with the US because they’re right there, they make a lot of stuff, and are the worlds largest economy… We cant teleport goods around the planet yet.
I think that targeted public funding to create domestic industries would be a much better way to secure the economy against US isolationism. Specifically in high tech industries. Why export 100$ worth of lumber to buy 1000$ worth of chairs if youll pardon my gross economic oversimplification.