Recently, Canadian Prime Minister Carney mentioned the relationship with the United States, saying that it is necessary to reshape its own economy to reduce negative impacts

While Canada will not make specific commitments before negotiating with the United States, we can make estimates:

If the United States insists on increasing tariffs and affects Canada's economic prospects, what actions can Canada take?

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【Economic Structural Adjustment and Industrial Policy】

1. Economic diversification and reducing dependence on the United States

• Canada may further expand trade cooperation with the EU, Asia-Pacific and other regions to diversify export risks.
• Promote the development of local high value-added industries and reduce dependence on traditional resource exports.

2. Reshoring of manufacturing and localization of supply chain

• Use policy incentives (such as tax breaks and subsidies) to attract companies to relocate their production lines back to Canada.
• Strengthen domestic supply chain integration and reduce dependence on the United States.
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• 3. Shift to energy and resource exports
• Accelerate the expansion of energy infrastructure (such as oil pipelines and ports), enhance export capacity to the Asian market, and reduce dependence on the US crude oil market
• Explore the demand for Canadian products in emerging markets (such as Southeast Asia) to alleviate the agricultural product surplus caused by the US-China tariffs

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The above is Youcheng's prediction

The actual situation will be revealed on April 2nd!

If Trump still does not change the policy, Canada will need a lot of manpower to promote its own economy, and there is a chance that immigration conditions will be relaxed, but this is just an estimate. It is recommended that you seize the current opportunity!