In a detailed statement, Prime Minister Carney declared that Canada will align its tariff policy with the US by lifting levies on certain goods, effectively reinstating free trade for a large volume of transactions between the nations. This decision applies to around C$30 billion (approximately $21.7 billion) worth of American products, including everyday items from orange juice to washing machines. However, it should be noted that the primary tariffs on autos, steel, and aluminum will persist, as these remain contentious points in the trade dialogues.
The White House welcomed Canada’s decision, describing it as a "long overdue" step, and officials expressed eagerness to discuss further matters related to trade and national security. Nevertheless, Carney faces domestic criticism from some political figures, such as Conservative leader Pierre Poilievre, who accused him of backpedaling on trade negotiations. As both countries grapple with tariff implications, the Canadian economy, especially its auto industry, witnesses growing pressure, with significant job losses reported in metallic production and automotive assembly.
As the dialogue between Canada and the US continues, the focus shifts to addressing remaining issues in vital sectors like steel, aluminum, and automotive manufacturing ahead of the forthcoming USMCA treaty review. While Canada intends to reduce certain tariffs, both nations remain entangled in broader economic strategies that could reshape trade relations for years to come.
The White House welcomed Canada’s decision, describing it as a "long overdue" step, and officials expressed eagerness to discuss further matters related to trade and national security. Nevertheless, Carney faces domestic criticism from some political figures, such as Conservative leader Pierre Poilievre, who accused him of backpedaling on trade negotiations. As both countries grapple with tariff implications, the Canadian economy, especially its auto industry, witnesses growing pressure, with significant job losses reported in metallic production and automotive assembly.
As the dialogue between Canada and the US continues, the focus shifts to addressing remaining issues in vital sectors like steel, aluminum, and automotive manufacturing ahead of the forthcoming USMCA treaty review. While Canada intends to reduce certain tariffs, both nations remain entangled in broader economic strategies that could reshape trade relations for years to come.
