Issue Brief
Mar 27, 2025
Canada needs an economic statecraft strategy to address its vulnerabilities
By
Kimberly Donovan, Maia Nikoladze, Lize de Kruijf
To address threats from Russia and China and reduce trade overdependence on the United States, Canada’s federal government will need to consolidate economic power and devise an economic statecraft strategy that will leverage Canada’s economic tools to mitigate economic threats and vulnerabilities.
![Manning quoted in VOA: The Biden administration, the Yun Seok-Yeol administration and the North Korean deterrence, strengthening US-Korea cooperation, and seeking a check on China [translated from Korean]](https://www.atlanticcouncil.org/wp-content/uploads/2025/03/2025-03-28T174524Z_1747884385_RC2HMDAWL9Q2_RTRMADP_3_USA-TRUMP-JUSTICE-NEW-JERSEY-500x350.jpg)
![Manning quoted in VOA: The Biden administration, the Yun Seok-Yeol administration and the North Korean deterrence, strengthening US-Korea cooperation, and seeking a check on China [translated from Korean]](https://www.atlanticcouncil.org/wp-content/uploads/2025/03/2025-01-14T183550Z_660346036_MT1USATODAY25185082_RTRMADP_3_INCOMING-NATIONAL-SECURITY-ADVISOR-MICHAEL-WALTZ-L-500x350.jpg)
![Manning quoted in VOA: The Biden administration, the Yun Seok-Yeol administration and the North Korean deterrence, strengthening US-Korea cooperation, and seeking a check on China [translated from Korean]](https://www.atlanticcouncil.org/wp-content/uploads/2025/03/iStock-1368242984-500x350.jpg)
