Canada wants to deepen its economic ties with the EU and uphold global trading rules in the face of threatened U.S. tariffs, its trade minister Mary Ng told Reuters on Saturday.

Prime Minister Justin Trudeau says Canada must think “tactically and strategically” on how to deal with U.S. President Donald Trump’s threats to impose hefty tariffs on all Canadian imports.

Ms Sheinbaum (pictured) won praise at home and abroad for her handling of her mercurial American counterpart. Throughout the confrontation her demeanour was respectful but firm. When Mr Trump ordered tariffs on February 1st, she told her team to prepare countermeasures, but did not publicise the details.

Bank of Canada Governor Tiff Macklem said on Thursday a policy shift in the U.S. was causing uncertainty and President Donald Trump's tariff threats were already impacting businesses and households.

Canada will keep trying to persuade the Trump administration to drop its tariff plans, in part by reaching out to US states that have significant trading relationships with their northern neighbor, trade minister Mary Ng said.

Donald Trump is not joking when he says he'd like to make Canada the 51st state, Prime Minister Justin Trudeau said Friday, adding that the U.S. president's annexation plans are related to Canada's supply of critical minerals.