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Justin Trudeau summons business leaders to break Canada’s economic dependence on US

Prime minister’s move follows Donald Trump’s plan to hit neighbour’s exports with steep tariffs

After spending months talking up Canada’s relationship with the US, Prime Minister Justin Trudeau will convene an economic summit on Friday with a new focus: promoting his country’s trade with the rest of the world.

The goal of the Canada-US Economic Summit will be to “make it easier to build and trade within our borders, and diversify export markets”, Trudeau said on Wednesday.

The move comes days after Trudeau negotiated a 30-day reprieve from Donald Trump’s plan to impose tariffs of 25 per cent on Canadian imports into the US, except energy, which would be taxed at 10 per cent.

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