Canada Prepares for Tariff Showdown with Trump's Threatened Trade Measures
Canada's Prime Minister Mark Carney said the country is intensifying negotiations with the US to reach a comprehensive trade deal, but is prepared to respond if President Donald Trump's threatened tariffs on Canadian goods go into effect.
The new tariffs, which cover a wide range of goods including honey, liquor, cement, dairy products, and hockey sticks, are set to take effect on August 19. Carney said that 'everything's on the table' if an agreement can't be reached before then, but noted that it would be counterproductive to respond in advance.
Carney believes there is a willingness among US officials to reach a trade deal, and that the tariff threat could be a negotiation tactic. He also emphasized Canada's commitment to building and diversifying its economy, saying 'we don't need to respond in advance' but will do whatever it takes to support Canadian families and businesses.
Ontario Premier Doug Ford said his province has the most to lose from the tariffs and will take a strong stance in negotiations. Carney was asked if he could trust Trump even if a deal is reached, and replied 'I have to be convinced' that an agreement is worth the paper it's written on.