As Carney pivots trade from U.S., here are some of Canada’s new deals

Prime Minister Mark Carney campaigned on a promise to challenge the United States on tariffs and diversify Canada's trade away from its dependence on the U.S. Following his election, he suspended trade talks with the U.S. citing unacceptable demands that restricted Canada's ability to pursue other trade deals. International Trade Minister Maninder Sidhu stated that Canada will not let another country dictate its trade relationships.

Carney and the Liberal Party have repeatedly emphasized that Canada is the only G7 country with free trade agreements with all other G7 nations. The government aims to double non-U.S. exports over the next decade and Carney's administration has signed over 20 strategic trade and defense agreements globally in the past year.

In the first half of 2026, Canadian goods and services exports to non-U.S. markets reached $96.2 billion. In 2025, non-U.S. exports totaled $333 billion, up from $299.7 billion in 2024. Some key agreements Canada has pursued include a free trade deal with Indonesia and a defense cooperation agreement with the European Union in 2025, and a free trade agreement with Ecuador in 2025.

Canada is also negotiating FTAs with Mercosur, ASEAN, India and has foreign investment promotion and protection talks with several other countries.