Prime Minister Mark Carney announced that Canada has halted trade discussions with the United States and imposed new tariffs in response to the U.S. implementing 50 per cent tariffs. Carney highlighted the changing trade climate and emphasized the need for Canada to strengthen its domestic economy and diversify its global trade relationships.
Canada has been engaged in negotiations with the U.S. for over a year, aiming to secure a fair trade deal that benefits Canadian workers and businesses while respecting sovereignty. Despite efforts to reach a mutually beneficial agreement, recent U.S. actions, including imposing unjustified tariffs, prompted Canada to suspend negotiations.
Carney underlined that Canada will match U.S. tariffs to protect its industries, such as steel, dairy, and electronics. The country’s response will focus on defending its workers and businesses while promoting fair trade practices. Canada remains committed to building a strong economy by investing in infrastructure projects and enhancing trade partnerships worldwide.
The Prime Minister stressed that Canada will continue pursuing its economic agenda to boost competitiveness and attract strategic investments. He expressed confidence in Canada’s resilience and growth prospects, emphasizing the importance of unity and self-reliance in navigating trade challenges. Carney affirmed Canada’s commitment to building a robust economy and securing its future prosperity.