TORONTO (AP) — Prime Minister Mark Carney set a goal for Canada to double its non-U.S. exports in the next decade, saying American tariffs are causing a chill in investment.
Carney, who will release his government’s budget on Nov. 4, said Wednesday many of Canada’s former strengths — based on close ties to America — have become vulnerabilities.
“The jobs of workers in our industries most affected by U.S. tariffs — autos, steel, lumber — are under threat.
Carney reiterated in an evening address to Canadians that the decades-long process of an ever-closer economic relationship between the Canadian and U.S. economies is now over.
“The U.S. has fundamentally changed its approach to trade, raising its tariffs to levels last seen during the Great Depression,” Carney said.
About 60% of U.S. crude oil imports are from Canada, and 85% of U.S. electricity imports are from Canada.
“I will always be straight about the challenges we have to face and the choices we must make,” Carney said. »
![image for American real estate moguls in Moscow, Russia. 11/4/96. Photo: Igor Tabakov [1280x720]](bf2bc732-773b-5550-86e4-7949031a5103_thumb.jpg)
![image for [OC] one year ago, I lost one of my best friends. That night, my waitress brought an accidental pour](76918e6f-5e41-5939-a67f-c3e7f2065d3b_thumb.jpg)
