Canada Offers Deeper Resource Integration, Market Access to US for Tariff Relief

Canadian Prime Minister Mark Carney delivered a speech at the Economic Club in New York on Thursday, May 28, 2026, calling for a new economic partnership with the United States. He said the two countries should pursue a “true partnership” that reimagines cooperation in sectors facing global competition.

U.S. Tariffs by the existing trade deal, though aluminum and steel sectors have still faced duties. He said Canadian aluminum exports to the United States equal the energy output of 10 Hoover dams and questioned the logic of replacing that supply. U.S. Customer for automobiles, Carney stated, and an integrated North American production market offers the best defense against global rivals.

He added that Canada buys more goods from the United States than China, Japan, and Germany combined. Carney stated that Canada is signing trade agreements with dozens of countries to increase strategic autonomy.

U.S. natural gas imports, 85 percent of electricity imports, and 60 percent of crude oil imports. U.S. Food production, defense needs, and AI power demand. “Canada strong will help make America great again. The examples are legion where we should work together and compete with the world together,” Carney said.

He acknowledged past differences between the two countries but said shared values and economic interests have allowed them to resolve disputes. U.S. tariff increases as reaching levels last seen during the Great Depression and said Canada must address what he called “weaknesses” in bilateral ties.

The speech occurred ahead of the mandatory review of the USMCA scheduled for July.