US presses China to honor Busan trade deal commitments
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Canada's budget explicitly frames 'economic independence' from the US as a policy goal, marking a decisive shift in bilateral relations. The move follows a US midterm rebuke of President Trump, with Democrats set to take Congress, potentially easing trade tensions. This signals a structural realignment of North American economic ties, with long-term implications for supply chains and trade flows.
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Canada, under PM Mark Carney, is confirmed to be implementing a strategic pivot to reduce economic dependence on the US. This includes a new budget focused on trade diversification, investment in strategic sectors, and planned diplomatic visits to Ireland, the Philippines, Cambodia, and China. The effectiveness and long-term implications of this shift remain uncertain.
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