Carney Urges Middle Powers to Unite With Europe as 85% of Canada-US Trade Stays Tariff-Free
Updated
Updated · The Associated Press · Jun 13
Carney Urges Middle Powers to Unite With Europe as 85% of Canada-US Trade Stays Tariff-Free
3 articles · Updated · The Associated Press · Jun 13
Summary
Dublin — Mark Carney said middle powers should stop competing for U.S. favor and instead build a “third path” with Europe ahead of the G7 summit starting Monday in France.
Carney tied that push to Canada’s pivot from the United States, arguing Canada and the EU together have more than twice the U.S. population, a similarly sized economy and a defense budget twice China’s.
Trade friction with Washington still hangs over the summit: Trump is not scheduled for bilateral talks with Carney, and a senior U.S. official said no major breakthroughs with Canada are expected.
Carney nevertheless said about 85% of Canadian exports to the U.S. remain tariff-free under USMCA and argued Washington is not seeking to rewrite the pact’s basic architecture before its July 1 review.
The Europe push is already concrete — Canada joined the EU’s SAFE defense procurement mechanism in February, and Carney wants to double non-U.S. exports over the next decade.