As for the challenging trade negotiations with the United States and American tariffs on their respective products, Canada and India have pledged to encourage long-term supply chain partnerships when it comes to critical minerals and clean energy.
At one of the trade summits that took place in India, both Canada and the host country agreed to revive the stalled bilateral relations and also went on to reiterate their commitment in terms of deepening bilateral cooperation by way of sustained dialogue, critical minerals supply chain, mutual respect as well as forward-looking initiatives.
Apparently, both Canada and India have faced the heat of the flip-flopping trade policy by U.S. President Donald Trump in 2025.
President Trump, in October 2025, had called off all kinds of trade negotiations with Canada, which, by the way, happens to be the main U.S. trade partner, over a Canadian advert against tariffs in which the former U.S. President Ronald Reagan says tariffs are going to hurt every American.
On the other hand, India has been singled out by Trump as a major enabler when it comes to the Russian budget revenues for purchasing massive quantities of Russian crude oil. The fact is that because of the oil purchases from Russia, President Trump in August 2025 went on to double the tariff on Indian imported goods to 50%.
Both Canada and India have ambitions within the critical minerals supply chain and the sector itseld, and their collaboration and partnerships are indeed going to be advantageous to the clean energy and manufacturing objectives of both countries.
The new budget from Canada happens to include a plan for US$1.4 billion, which is equivalent to C$2 billion, of critical minerals sovereign fund in the next five years in terms of equity investments, loan guarantees, and offtake agreements.
François-Philippe Champagne, the Finance Minister of Canada, recently said that their country should work in order to refine their critical minerals.
Exploration and extraction are one thing, but what they actually require is refining. This is indeed the key said Champagne to the business leaders in Calgary, Canada.
Prime Minister Mark Carney of Canada has already vowed to make Canada an energy superpower and also the partner of choice when it comes to critical mineral supply.
India, on the other hand, has just announced a new royalty payment scheme for a list of critical minerals in a bid to go ahead and motivate miners so as to ramp up the local production, while at the same time, it is also looking to develop cobalt as well as copper in Zambia and also lithium and copper assets across Chile.