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Canada imposes measures against new US tariffs

Prime Minister Carney announces actions to protect jobs amid rising U.S. tariffs on Canadian goods.

August 1, 2025 at 11:10 AM

Canada will be its own best customer, Carney says on tariffs; Trump demands interest rate cut again - US politics live

The Canadian prime minister defends jobs as US tariffs rise and economic concerns grow.

Canada responds firmly to US tariff increase

Canadian Prime Minister Mark Carney expressed his disappointment following the announcement of a 35% tariff on Canadian goods by the United States. This increase targets products not covered under the US-Mexico-Canada agreement. Carney emphasized that this move could hurt various sectors, including lumber and automobiles, and stated Ottawa would take measures to protect Canadian jobs. He countered U.S. President Donald Trump's claims about Canadian trade being a cause for U.S. fentanyl imports, noting that Canada contributes only 1% to those imports. Carney's remarks reflect his commitment to strengthening Canada's economy by focusing on local resources and markets. Meanwhile, Trump continues to press for interest rate cuts in response to weak job growth in the U.S.

Key Takeaways

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Increased tariffs disrupt Canadian sectors heavily reliant on trade.

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Canada aims to protect jobs and invest in local resources.

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Trump's tariffs stem from ongoing trade tensions and inaccurate claims.

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The relationship between Canada and the U.S. deepens in complexity.

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President Trump's push for interest rate cuts indicates economic strain.

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Responses from global partners like Switzerland reflect broad discontent with U.S. policy.

"Canada accounts for only 1% of US fentanyl imports."

Carney counters Trump's claim about trade-related drug issues, emphasizing cooperation.

"For such sectors, the Canadian government will act to protect Canadian jobs."

Carney addresses concerns over the impact of U.S. tariffs on the Canadian economy.

"The US average tariff rate on Canadian goods remains one of its lowest for all of its trading partners."

Carney explains the relative competitive position of Canadian goods within U.S. tariffs.

"We can give ourselves more than any foreign government can take away."

Carney articulates a vision of Canadian self-sufficiency in response to U.S. tariffs.

Carney's reaction highlights a growing tension in U.S.-Canada trade relations, particularly as tariffs lead to economic concerns on both sides. His commitment to using Canadian resources suggests a strategic shift towards self-sufficiency. This raises questions about how other trading partners may respond to the increasing U.S. protectionism. As trade wars escalate, the implications for the global economy could be significant, particularly for countries directly affected by these tariffs.