On the 26th local time, Canadian Prime Minister Carney, who is visiting Malaysia, said in response to the recent US-Canada trade issues that the Canadian government is ready to make large-scale investment in China and promote trade diversification. Canada plans to more than double its exports to non-US markets in the next decade, with a value of more than 300 billion Canadian dollars. At the same time, he said that the Canadian government is ready to continue to promote trade negotiations with the United States.
US President Trump said on the 25th of this month that he decided to impose an additional 10% tariff on Canada on the existing basis because of the "false advertisements" made by Canada using former US President Ronald Reagan's negative remarks on tariffs.
In a speech this month, Carney said that Canada is facing a crucial moment when the United States has fundamentally changed its way of trading and raised tariffs to the level of the Great Depression of the 1930s, which means Canada’s economic strategy needs to change significantly.Canada plans to boost domestic construction and investment and expand its exports to partners around the world, doubling exports to markets outside the United States in the next decade.