en.Wedoany.com Reported - Canadian Prime Minister Mark Carney delivered a speech in New York, proposing to the U.S. government to strengthen cooperation in aluminum, automotive manufacturing, and critical minerals, noting that Canada can help the U.S. enhance its own economic competitiveness. Speaking at the Economic Club of New York, Carney stated that Canada is willing to pursue deeper integration with the U.S., emphasizing that both sides should join hands to compete in the global market.

Carney's visit to the U.S. comes as Canada faces pressure from the renegotiation of the USMCA agreement. The U.S. and Mexico have initiated formal talks to discuss modifications to the trade pact, but Canada has yet to participate in bilateral discussions. Carney recently publicly proposed the "Fortress North America" concept, indicating Canada's willingness to deepen economic integration with the U.S.

Carney highlighted aluminum as an obvious case for cooperation, pointing out that Canada's aluminum exports to the U.S. are equivalent in energy terms to 10 Hoover Dams. Given that Quebec produces large quantities of aluminum using hydropower, cooperation between long-standing allies is logical. In the automotive sector, Canada is the largest buyer of U.S.-made vehicles, and an integrated North American market remains the best way to address competition from other regions.

The automotive industry is expected to be a sticking point in trade negotiations, with Trump imposing a 25% tariff on Canadian-made vehicles while exempting the proportion of U.S.-made parts in the cars. Carney responded with retaliatory tariffs and a rebate program, and adjusted tariffs on a limited number of Chinese-made electric vehicles, shifting from fully matching the U.S. 100% tariff to a limited quantity exemption. This exemption covers up to 49,000 vehicles per year, a small fraction of Canada's annual sales of 1.8 million vehicles. Carney indicated that more affordable Chinese cars will enter the market in a controlled manner in the future.

Carney also noted that Canada's reserves of potash, nickel, copper, and uranium can bring economic advantages to the U.S., and Canada can become the most reliable supplier for the U.S. He called on the U.S. to build a closer partnership with a stronger, more confident Canada.

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