{
  "id": 2525106,
  "title": "Tariff-hit Canada tries to curb US reliance",
  "url": "https://urgent.news/2026/08/22/tariff-hit-canada-tries-to-curb-us-reliance",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-22T06:45:00.000Z",
  "source": {
    "name": "Bangkok Post Business",
    "slug": "bangkok-post-business",
    "url": "https://www.bangkokpost.com/business/general/3306153/tariffhit-canada-tries-to-curb-us-reliance"
  },
  "original_language": "en",
  "account": "Market diversification and domestic revitalisation form the core of Canada's strategy to lessen its reliance on the United States following President Donald Trump's 50% tariffs on certain Canadian goods, effective on Saturday. Prime Minister Mike Carney is pursuing new market opportunities, prioritising domestic trade, and initiating major projects. Canada and the US are deeply interconnected, with around 70% of Canada's exports to the United States. The recent 50% tariffs, impacting $20 billion worth of goods or 5.5% of Canadian exports, have resulted in job losses and economic contraction. Canada has entered a technical recession this year after two consecutive quarters of economic contraction. Canada intends to match the US tariffs \"dollar for dollar to protect our workers and businesses.\"\n\nCanada's largest bank, RBC, anticipates the first package of tariffs won't substantially affect overall Canadian growth, as they mainly impact a small segment of total trade. Seeking to reduce dependence on the US market, Carney has been promoting economic partnerships overseas since his inauguration in March 2025, including China, India, and Saudi Arabia. Canada signed a preliminary agreement with China in January, facilitating the import of electric vehicles. Canada's central bank noted signs of economic improvement in January, with some businesses adjusting to US protectionism by finding new customers abroad. In 2025, exports to non-US markets surged by 11%, reaching a 44-year high at 33%. Carney has also emphasised domestic trade, with federal legislation to reduce interprovincial trade barriers, and his Major Projects Office aiming to expedite large-scale infrastructure projects, such as port expansion in Montreal and Vancouver, new mines for critical minerals, and an oil pipeline from Alberta to the Pacific.",
  "summary": "MONTREAL, Quebec - US President Donald Trump’s 50% tariffs on certain Canadian goods, which took effect on Saturday, have delivered another blow to bilateral trade, renewing focus on Ottawa’s efforts to reduce dependence on its southern neighbour.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}