Story perspectives

Canada Aims to Double Non-U.S. Exports, Boosts Europe Ties

6/13/2026

Summary

Story summary

Prime Minister Mark Carney announced a goal to double Canada’s non-U.S. exports in ten years.
Carney, who met French President Emmanuel Macron, said President Donald Trump’s trade war is chilling investment, prompting a shift toward cooperation with European allies.
Carney said the July 1 review of the U.S.–Mexico-Canada Agreement may affect 70 percent of Canada’s trade.
Carney highlighted 56 critical-minerals partnerships with more than ten European countries for diversification.

History

Historical Context

NAFTA, signed by Canada, the United States and Mexico and effective 1 January 1994, removed most tariffs and built one of the world’s largest trade blocs. After Trump’s tariff actions, Finance Minister Mark Carney now urges Canada to double non-U.S. exports, echoing NAFTA’s diversification aim and seeking stronger ties with the EU, highlighted by his meeting with French President Emmanuel Macron. USMCA entered force on 1 July 2020.

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Story summary

Prime Minister Mark Carney announced a goal to double Canada’s non-U.S. exports in ten years.
Carney, who met French President Emmanuel Macron, said President Donald Trump’s trade war is chilling investment, prompting a shift toward cooperation with European allies.
Carney said the July 1 review of the U.S.–Mexico-Canada Agreement may affect 70 percent of Canada’s trade.
Carney highlighted 56 critical-minerals partnerships with more than ten European countries for diversification.

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