Source: New York Times
“Canada, facing U.S. tariffs that threaten its auto industry, announced on Thursday an agreement with South Korea to explore establishing a Korean automotive footprint in the country. Though scant on details, the accord was another move by Prime Minister Mark Carney to diversify Canada’s trade away from the United States in response to Mr. Trump’s volley of tariffs. The agreement also fits with Mr. Carney’s widely hailed call at the World Economic Forum last week for middle power nations to band together after what he characterized as an irreversible ‘rupture’ to the world order by Mr. Trump’s aggressive economic and diplomatic policies.” (01/29/26)