Summary
Canadian Prime Minister Justin Trudeau is pushing to restart stalled trade talks with the U.K. as Canada seeks to reduce reliance on the U.S. amid Trump’s trade war.
While Trudeau secured a temporary delay on U.S. tariffs by agreeing to border security measures, uncertainty remains.
Talks with the U.K. broke down last year over agricultural disputes, but Canada sees renewed negotiations as beneficial for trade diversification.
It isn’t a zero sum game. A trade agreement didn’t work out in the previous geopolitical/economic environment. Things have changed. Canada is feeling vulnerable and that potentially leads to a better deal for the UK. Simultaneously, the UK can cozy up to Trump as much as they want.