Author Topic: Carney hints at dropping some U.S. tariffs if it will help Canadian industries hit by trade war  (Read 273 times)

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Carney hints at dropping some U.S. tariffs if it will help Canadian industries hit by trade war

CBC News
Catharine Tunney
August 5, 2025



Prime Minister Mark Carney showed no signs of retaliating against U.S. President Donald Trump's increased tariffs — and even suggested he's open to removing existing tariffs if it would help Canadian industries.

Carney faced questions Tuesday about Canada's next steps after the two countries failed to reach a trade deal by the Aug. 1 deadline, resulting in a 35 per cent import tax on some Canadian goods. The rate applies to goods not covered by the Canada-U.S.-Mexico Agreement, which governs trade between the three countries.

The Trump administration said Canada's higher rate was a response to fentanyl trafficking and its decision earlier this year to hit back with counter-tariffs. In March, Canada imposed 25 per cent tariffs on a list of U.S. products totalling $29.8 billion.

"We've always said we will apply tariffs where they had the maximum impact on the United States and minimum impact in Canada," said Carney when asked why Canada hasn't fired back against the new tariff rate.

(more)
https://www.cbc.ca/news/politics/carney-trump-trade-softwood-1.7601624
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