Doug Ford Seeks New Trade Partners to Reduce U.S. Reliance
Premier Doug Ford hosted representatives from 16 nations in Toronto to diversify Ontario's exports and mitigate economic damage from U.S. tariffs.
Ontario Premier Doug Ford hosted a roundtable discussion in Toronto with consular representatives from 16 nations to diversify the province's trading partnerships. The initiative seeks to reduce Ontario's economic over-reliance on the United States, where tariffs imposed by President Donald Trump have triggered job losses in the auto and steel sectors.
Ford announced a strategy involving targeted bilateral engagements and international trade missions to secure new partners in the Middle East, the Asia-Pacific, and the MERCOSUR bloc. To support these efforts, the province plans to develop infrastructure, including seaports and roads to the mineral-rich Ring of Fire region, to facilitate the export of critical minerals.
While non-U.S. exports have grown by 28% since 2024, the United States remains the province's dominant partner, accounting for 72% of Ontario's international exports, which totaled $287 billion in 2024. Prime Minister Mark Carney has supported this shift, articulating a broader federal strategy to move away from reliance on a single trading partner.