Mark Carney Sets Fresh Target for Canada-EU Partnership After Trump Threats
Summary
Canadian Prime Minister Mark Carney said he expects negotiations on a deeper Canada-EU partnership to conclude in June. The effort follows trade tensions with President Donald Trump and is part of Canada’s plan to reduce its economic reliance on the United States.Key Facts
- Carney said Canadian Cabinet ministers and European commissioners would meet in March to advance the negotiations.
- The proposed partnership would stop short of EU membership and could make Canada the bloc’s first associate member, a status with no precedent in EU treaties.
- At a two-day summit in Montreal, Canada and the EU launched an Alliance for the Future to expand economic, technological and security cooperation.
- The two sides said they had concluded substantive negotiations on a digital trade agreement.
- Canada and the European Investment Bank concluded negotiations on an agreement intended to encourage European investment in Canadian critical minerals.
- Canada will take part in a European supercomputing initiative, and the two sides will explore linking their instant-payment systems.
- Trump called the associate-member idea “laughable” and threatened tariffs or limits on trade with Europe if he considered it hostile.
- Statistics Canada reported that the United States received 71.7 percent of Canadian merchandise exports in 2025, down from 75.9 percent in 2024.
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