Canada Pledges Support for Affected Industries Amid Escalating US Trade Tensions

Canadian Prime Minister Mark Carney vowed to support affected industries and workers as trade tensions between Canada and the US escalate. In a video address, he stated that his government will 'do whatever it takes' to backstop regions and sectors targeted by U.S. tariffs.

The Canadian government imposed retaliatory tariffs on about $20 billion in U.S. goods earlier this week, citing protection of domestic sectors and workers. Carney emphasized that the goal is not to escalate the conflict but rather to mitigate its effects on Canadians.

He noted that Canada's economy has become increasingly integrated with the US over the past four decades, but now it's time for a change. 'We have everything we need to pivot and prosper,' he said, acknowledging that this shift will come at a cost.