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Canada Rebuilds Asia Trade Ties to Counter Trump Tariff Pain​

Canadian Prime Minister Mark Carney, left, and Malaysian Prime Minister Anwar Ibrahim during the Association of Southeast Asian Nations summit in Kuala Lumpur on Oct. 26.
Photographer: Rafiq Maqbool/AFP/Getty Images
By Thomas Seal
October 28, 2025 at 5:15 PM PDT
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Takeaways by Bloomberg AI​

President Donald Trump’s latest tariff salvo against Canada landed just as Mark Carney was setting out on a mission to insulate his country from the fallout of the trade war.

As the US leader declared an additional 10% levyon Canadian goods this weekend — angered by a critical advertisement from the province of Ontario — Carney was starting his first trip to Asia as prime minister. The goal: repairing commercial ties and reducing Canada’s dependence on its unpredictable southern neighbor.

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