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Mark Carney: Why I Rejected Trump’s Trade Deal
(thewalrus.ca)
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this post was submitted on 23 Aug 2026
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The US must be considered a bad faith actor, and should be avoided as far as possible. Tighter cooperation between Canada and Europe will hopefully work well for both, and will hopefully lessen the blow of having to deal with an unstable US.
A bad faith actor that will only take an agreement as evidence of capitulation and cancel the agreement to ask for more. It is absolutely a waste of time.
Canada-EU trade is barely 10% of Canada-US trade. We can never replace US trading with Asia or Europe because of geography.
Like he said: Even when we make less money, it's still better to no longer be dependent one single trade partner. Otherwise, such a "partner" will forever be able to force you into anything they want. It simply is logical to have more options.
It just means we must make our other trade agreements better, easier, and more profitable.