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Canada, Germany working on diversifying trade in face of U.S. threats
Canadian companies and diplomats are collaborating with European counterparts to diversify trade amid U.S. tariff threats, according to Tjorven Bellmann, Germany's ambassador to Canada.
Ryan Turnbull highlighted that Canada aims to counterbalance U.S. threats by strengthening ties with Europe.
About 250 Canadian companies are attending the Hannover Messe trade show to explore partnerships in technology, according to Jayson Myers, head of Next Generation Manufacturing Canada.
Germany's trade agency indicated a desire for increased trade and investment with Canada, despite uncertainties due to U.S. policies.