Calgary companies secure more international trade deals amid U.S. uncertainty
Global News
According to new data from Calgary Economic Development, less than a quarter of the trade deals it secured in 2025 were with the U.S., down from 35 per cent in 2024.
New trades deals between Calgary-based companies and the United States hit an all-time low in 2025 after President Donald Trump imposed tariffs on Canadian goods.
According to new data from Calgary Economic Development (CED), less than a quarter of the trade deals it secured in 2025 were with the U.S., down from 35 per cent in 2024.
The decline represented the “smallest share of trade deals on record” for the city-owned business development organization, CED said.
According to Brad Parry, president of CED, the move is in response to the tariffs and growing uncertainty in the U.S. market.
“We’re still working with our U.S. partners, we’re never going to lose them as a key trading partner,” he said. “But I think it’s about making the pie bigger and finding other markets for our local companies to go in and sell their products and services.”
The organization said CED-supported companies expanded into 21 countries across six continents, and secured 45 trade deals generating $60 million in revenue — a 500-per cent increase in revenue year-over-year, according to CED.
Various sectors were involved in the trade deals, CED said, including clean energy, advanced manufacturing, agri-food, digital technologies, life sciences and aerospace.
The majority of businesses opened up new trade in Europe, the Middle East, Asia, Latin America and Oceania.
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