U.S. trade impact

Toronto, December 24, 2025: As the United States continues to disrupt global trade dynamics, Ontario is increasingly looking to the defence sector to stabilise its economy and reduce reliance on its largest trading partner, Economic Development Minister Vic Fedeli has said. Speaking in a recent interview, Fedeli acknowledged that uncertainty stemming from Washington’s trade policies has forced countries worldwide to rethink their economic strategies. He said governments and businesses now begin each day wary of fresh developments from the U.S., prompting Ontario to diversify its global partnerships. Fedeli, who serves as Ontario’s Minister of Economic Development, Job Creation and Trade,…