• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
EconomyTariffs and trade
Asia

Canada cozies up to India for trade deal after years of strain as Trump continues pushing the world into new alliances

By
Rob Gillies
Rob Gillies
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Rob Gillies
Rob Gillies
and
The Associated Press
The Associated Press
Down Arrow Button Icon
November 26, 2025, 9:14 AM ET
Canada, India
Canada's Prime Minister Mark Carney, middle, introduces Minister of Foreign Affairs Anita Anand, left, during a bilateral meeting with Indian Prime Minister Narendra Modi during the G20 Summit, in Johannesburg, Sunday, Nov. 23, 2025. Sean Kilpatrick/The Canadian Press via AP

Canadian Foreign Minister Anita Anand said Monday that Canada and India will move quickly to advance a trade deal after two years of strained relations, noting Ottawa has a new foreign policy in response to U.S. President Donald Trump’s trade war.

Recommended Video

Anand’s statement follows a meeting between Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi at the Group of 20 summit in South Africa this past weekend, where the leaders agreed to restart stalled talks for a new trade deal.

Relations between Canada and India have been strained since Canadian police accused New Delhi of playing a role in the June 2023 assassination of a Canadian Sikh activist near Vancouver.

“The leaders were adamant that this work proceed as quickly as possible so that timing is going to be expeditious,” Anand said in a telephone interview with The Associated Press.

Carney will visit India early next year.

Anand noted Carney’s goal to double non-U.S. trade over the next decade. Canada is one of the most trade-dependent countries in the world, and more than 75% of Canada’s exports go to the U.S. Most exports to the U.S. are exempted by the USMCA trade agreement but that deal is up for review in 2026.

“This is a completely new approach to foreign policy that is responsive to the global economic environment in which we find ourselves,” Anand said. “There is a new government, a new foreign policy, a new prime minister and a new world order where countries are becoming more protectionist and this is a moment for Canada as a trading nation.”

Canada is also seeking better relations with Beijing. Carney and Chinese President Xi Jinping took a step toward mending the long-fractured ties between their countries last month with a meeting at the Asia-Pacific summit.

In 2023, Ottawa suspended trade talks after going public with allegations from the Royal Canadian Mounted Police that the Indian government was behind an assassination of Sikh activist Hardeep Singh Nijjar.

Nijjar, 45, was fatally shot in his pickup truck after he left the Sikh temple he led in Surrey, British Columbia. An Indian-born citizen of Canada, he owned a plumbing business and was a leader in what remains of a once-strong movement to create an independent Sikh homeland.

Four Indian nationals living in Canada were charged with Niijar’s murder and are awaiting trial in Canada.

Relations improved in June when Carney invited Modi to the G7 summit in Alberta and when both countries agreed to restore their top diplomats in August.

“This is a step by step process. And in the last six months, significant steps have been taken,” Anand said.

Anand said both countries expect to be able to double bilateral trade by 2030, to US$50 billion, and noted that Canada is India’s seventh largest trade partner for goods and services, and one of the largest foreign investors in India.

Trump ended trade talks with Carney after the Ontario provincial government ran an anti-tariff advertisement in the U.S., which upset him. That followed a spring of acrimony, since abated, over the president’s insistence that Canada should become the 51st U.S. state.

Anand said Canada remains ready to resume trade talks with Trump.

“We are operating under the fact that the United States has fundamentally changed all of its trading relationships,” Anand said. “We look forward to getting back to the table.”

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Rob Gillies
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Economy

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Economy

Photo of Donald Trump
EconomyBonds
China might be beginning to back away from U.S. debt as investors get nervous about overexposure to American assets
By Eleanor PringleFebruary 9, 2026
4 hours ago
InvestingMarkets
Don’t get comfortable with the global stock rally today: Goldman’s Panic Index is approaching ‘max fear’
By Jim EdwardsFebruary 9, 2026
5 hours ago
AsiaAircraft
Singapore’s ST Engineering debuts the AirFish: A ‘ground effect’ craft that flies a few meters above the sea at up to 116 miles per hour
By Angelica AngFebruary 9, 2026
8 hours ago
EconomyBonds
Dow futures rise after index tops 50,000 for the first time while landslide election in Japan sends U.S. bond yields higher
By Jason MaFebruary 8, 2026
15 hours ago
EconomyUkraine invasion
Russian officials are warning Putin that a financial crisis could arrive this summer, report says, while his war on Ukraine becomes too big to fail
By Jason MaFebruary 8, 2026
18 hours ago
Investinggambling
Gambling stocks sag as prediction markets steal Super Bowl bets
By Peyton Forte, Denitsa Tsekova and BloombergFebruary 8, 2026
20 hours ago

Most Popular

placeholder alt text
Economy
Elon Musk warns the U.S. is '1,000% going to go bankrupt' unless AI and robotics save the economy from crushing debt
By Jason MaFebruary 7, 2026
2 days ago
placeholder alt text
Economy
Russian officials are warning Putin that a financial crisis could arrive this summer, report says, while his war on Ukraine becomes too big to fail
By Jason MaFebruary 8, 2026
18 hours ago
placeholder alt text
Commentary
America marks its 250th birthday with a fading dream—the first time that younger generations will make less than their parents
By Mark Robert Rank and The ConversationFebruary 8, 2026
1 day ago
placeholder alt text
Success
Gen Z Patriots quarterback Drake Maye still drives a 2015 pickup truck even after it broke down on the highway—despite his $37 million contract
By Sasha RogelbergFebruary 7, 2026
2 days ago
placeholder alt text
Commentary
We studied 70 countries' economic data for the last 60 years and something big about market crashes changed 25 years ago
By Josh Ederington, Jenny Minier and The ConversationFebruary 8, 2026
1 day ago
placeholder alt text
Personal Finance
Tom Brady is making 15 times more as a commentator than he did playing in the big game thanks to $375 million contract 
By Eva RoytburgFebruary 8, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.