#economic-security

Leaders of the Group of Seven (G7) nations, including Canadian Prime Minister Justin Trudeau, have issued a unified and stern warning to China. The group condemned Beijing's ongoing support for Russia's defense industrial base, which fuels the war in Ukraine, and vowed to take further action. The G7 also targeted China's "non-market policies," particularly industrial overcapacity in sectors like electric vehicles, which they argue undermines global economic security. The statement signals a hardening stance from the world's leading industrial democracies, with Canada aligning closely with its allies on these critical issues.

Leaders of the G7 nations, including Canadian Prime Minister Justin Trudeau, issued a stern and unified warning to China at their summit in Italy. The group condemned Beijing for propping up Russia's war machine through the export of dual-use materials and technology, threatening "further measures" if the practice continues. The G7 also confronted China's "harmful overcapacity" and unfair trade practices in key sectors like electric vehicles, which they argue undermine global economic security. The joint statement signals a hardening of the West's stance toward Beijing on both security and economic fronts.

The Government of Canada has announced a new $500 million "AI Chip Accelerator Fund" to bolster domestic research, development, and manufacturing of specialized semiconductors for artificial intelligence. Managed by Innovation, Science and Economic Development Canada, the five-year initiative aims to reduce reliance on foreign supply chains and secure Canada's technological sovereignty. The fund will support startups and established firms in creating next-generation hardware, fostering a resilient national tech ecosystem. This strategic investment is a key component of Canada's broader plan to secure its position in the critical global AI industry.

The federal government has announced a landmark $1.2 billion investment to establish a state-of-the-art advanced semiconductor packaging facility in Bromont, Quebec. This strategic move, led by a new consortium called Maple Advanced Packaging Inc., aims to secure Canada's domestic microchip supply chain and reduce reliance on foreign manufacturing. The initiative is a cornerstone of Canada's emerging national semiconductor strategy, designed to bolster economic security and position the country as a key player in the high-tech global economy, particularly in critical sectors like artificial intelligence, automotive, and telecommunications.

Leaders of the Group of Seven (G7) nations, including Canada, have issued their strongest joint condemnation of China to date, targeting its non-market economic policies and its support for Russia's war machine. The communiqué from the summit in Italy accuses Beijing of creating global market distortions through industrial overcapacity and enabling Russia's aggression by supplying dual-use materials. This unified stance signals a coordinated effort to de-risk supply chains and protect economic security, placing significant pressure on Canada to align its trade policies, particularly on potential tariffs, with its key allies.

Leaders of the G7 nations, including Canada, have issued a stern and unified warning to China, condemning its 'non-market' economic policies that fuel global overcapacity and its continued support for Russia's war machine. The group pledged to take coordinated action to protect their economies from unfair competition, particularly in sectors like electric vehicles and solar panels. For Canada, this signals a hardening alignment with its allies against Beijing, posing significant challenges and strategic decisions for its trade policy, national security, and its role within the shifting global geopolitical landscape.