Bloomberg Talks
Canada's Trade Minister Talks Trump's Tariffs
Feb 20, 2025
Mary Ng, Canada's Minister of Export Promotion and Trade, discusses the impact of President Trump's tariffs, emphasizing their detrimental effects on American consumers. She outlines Canada's commitment to retaliation if necessary and the ongoing collaboration with the U.S. to mitigate these challenges. Ng highlights the importance of maintaining strong economic ties despite tariffs, and she addresses Canada's efforts to diversify trade partnerships, particularly in the Indo-Pacific, while navigating the complex landscape of U.S. policies.
11:15
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Quick takeaways
- Canada's Trade Minister highlighted that U.S. tariffs increase costs for American consumers and reiterated readiness for retaliation if imposed.
- The Canadian government is actively pursuing trade diversification strategies and market exploration to lessen dependency on the U.S. economy.
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