Thursday, December 11, 2025
ADVT 
National

Canada, Germany working on diversifying trade in face of U.S. threats

Darpan News Desk The Canadian Press, 26 Feb, 2025 12:15 PM
  • Canada, Germany working on diversifying trade in face of U.S. threats

Canadian companies and diplomats are working with their European colleagues to find ways to diversify trade as the U.S. threatens to impose steep tariffs.

Germany's Ambassador to Canada Tjorven Bellmann says European ambassadors in Ottawa have been in touch with corporations on both sides of the Atlantic to discuss how they can boost trade.

She says that while there's a lot of interest in capitalizing on a trade deal that Canada and the European Union signed in 2017, both sides have work to do on identifying opportunities.

Bellman's comments come ahead of the world's largest trade fair, the Hannover Messe in Germany, where Canada is this year's partner country.

Jayson Myers, head of Next Generation Manufacturing Canada, says Canadian companies are looking to partner on artificial intelligence, robotics and clean energy, especially in Germany's large automotive and machinery sectors.

Liberal MP Ryan Turnbull says Canada is looking to Europe as a counter-balance to damaging tariffs threatened by U.S. President Donald Trump against Canada and its European partners.

The three were speaking at a press briefing Wednesday ahead of the Hannover Messe.

MORE National ARTICLES

Trudeau says U.S. tariffs on Canada will be paused for 30 days

Trudeau says U.S. tariffs on Canada will be paused for 30 days
Prime Minister Justin Trudeau says "proposed tariffs" between Canada and the United States will be paused for at least 30 days while the countries work together on the border.

Trudeau says U.S. tariffs on Canada will be paused for 30 days

Canada's forestry sector faces uncertainty with 25 per cent U.S. tariffs

Canada's forestry sector faces uncertainty with 25 per cent U.S. tariffs
A wide shadow of uncertainty has been cast over Canada's forestry sector by U.S. President Donald Trump's decision to impose a 25-per-cent tariff on its lumber products. Several industry groups have released statements criticizing the tariff as unnecessary and harmful for both sides, a sentiment echoed by British Columbia Premier David Eby who vows full support for the provincial sector.

Canada's forestry sector faces uncertainty with 25 per cent U.S. tariffs

Trump mistaken, U.S. banks can and do operate in Canada says finance professor

Trump mistaken, U.S. banks can and do operate in Canada says finance professor
A finance professor at the University of Toronto says American banks do operate in Canada despite assertions by U.S. President Donald Trump that they are not allowed to do business in the country. The Office of the Superintendent of Financial Institutions lists Amex Bank of Canada, Citibank Canada and J.P. Morgan Bank Canada on Schedule II, all having U.S. parent companies. 

Trump mistaken, U.S. banks can and do operate in Canada says finance professor

B.C. critical minerals being diverted away from United States: David Eby

B.C. critical minerals being diverted away from United States: David Eby
Companies in British Columbia are in the process of redirecting critical minerals and energy products to markets outside the United States, Premier David Eby said, as the reality of U.S. President Donald Trump's tariffs sets in. Eby noted B.C. has opened new trade offices in Taiwan, Vietnam and the Philippines over the last 18 months.

B.C. critical minerals being diverted away from United States: David Eby

Winter's first widespread snowfall hits Metro Vancouver, with more on the way

Winter's first widespread snowfall hits Metro Vancouver, with more on the way
The first widespread snowfall of winter has hit Metro Vancouver, with Environment Canada warning the ongoing wintry blast could eventually bring up to 25 centimetres to start off a frigid week. The weather agency says in a snowfall warning for the region that "intense flurries" could bring heavy accumulation and cut visibility on roads.

Winter's first widespread snowfall hits Metro Vancouver, with more on the way

BC politicians react to Cdn US tariffs

BC politicians react to Cdn US tariffs
BC politicians are calling on the premier to do more as the province prepares to face U-S tariffs on Canadian goods. City of Surrey Mayor Brenda Locke says she wrote to David Eby yesterday urging him to roll out a comprehensive relief package, similar to what was introduced during the COVID-19 pandemic, to support businesses and families.

BC politicians react to Cdn US tariffs