US-Canada trade war: Carney expects new tariffs to hurt some businesses, but Ottawa unlikely to retaliate
Days after the US announced new trade measures against Canada, Prime Minister Mark Carney on Thursday said that his government is not planning to retaliate and is instead focusing on strengthening domestic economy.
Prime Minister Mark Carney of Canada stated on Thursday that he has had recent conversations with US President Donald Trump, yet he remains committed to not escalating the ongoing trade conflict. Carney emphasized that Canada is prepared to negotiate a fair trade agreement with the United States, despite the mounting economic tensions resulting from the trade war.
The once-strong trade relationship between these neighboring countries has faced significant challenges since Trump took office last year. In March, Carney abruptly halted trade negotiations, deeming the US offer unworkable, which led to Trump retaliating with new tariffs and prompting Canada's countermeasures. However, Carney clarified to reporters in Calgary, where he was meeting with Ukrainian President Volodymyr Zelensky, that he and Trump have been maintaining contact, and Canada is always open to reaching a mutually advantageous deal as long as it benefits Canada's economic interests.
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