The Globalist Carney in India and the next round of US-Iran talks
Feb 26, 2026
David Phelan, San Francisco technology correspondent covering consumer electronics like Samsung’s Galaxy launches. He discusses Samsung’s S26 spring lineup and its AI-driven features. He explains privacy display innovation, agentic AI that acts across apps, and handy software like AI call screening and hold assistants.
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Canada's Urgent Push To Reduce US Reliance
- Canada urgently needs to diversify away from its economic dependence on the United States to reduce vulnerability to US political shifts.
- Mark Carney is using diplomacy in India, Australia and Japan to pursue trade links and symbolism after tensions under Justin Trudeau, but actual trade remains small (aiming to double to ~$70bn).
India Visit Is More Symbolic Than Transactional
- India is an attractive diversification target because of its 1.4 billion population and growing demand, but political symbolism matters as much as formal deals right now.
- Carney's visit signals thaw after Canada dropped allegations linking India to violent acts, yet Canada remains the only G7 nation without a trade pact with India.
Leader Chemistry Didn't Stop Tariff Fallout
- Personal rapport between leaders (Modi and Trump) hasn't insulated India from US trade pressure like tariffs tied to energy ties with Russia.
- Tariff moves hit Indian sectors such as jewellery and textiles and complicated Indo-US trade negotiations politically.