Canada and Mexico have agreed to deepen trade ties as Canadian Prime Minister Mark Carney said the country “can’t rely” on the U.S. alone as a trade partner. Canada is the U.S.’s largest source of seafood, exporting USD 3.9 billion (EUR 3.7 billion) worth of seafood to the U.S. in 2024. The country is a major source of snow crab and lobster, along with a range of other species. However, trade relations have been strained since U.S. President Donald Trump implemented a 25 percent tariff on all goods from both countries, a move he had threatened soon after winning election in 2024. While Trump paused those tariffs in February, he later implemented a new set of 25 percent tariffs in March before once again delaying them days later on a range of goods – including seafood. Trump then went on to threaten Canada with a 35 percent tariff, which he ultimately implemented. However, goods that comply with the United States-Mexico-Canada Agreement (USMCA) – which includes seafood – are not ...