US EditionCanada Says Close Relationship With U.S. ‘Has Ended’
Mark Carney announced tariffs, import limits, and a Buy Canadian policy to protect domestic steel and lumber sectors after U.S. tariffs disrupted decades of trade integration.
- On Wednesday, Mark Carney announced a package of protectionist measures to support Canada's steel and lumber industries on Ottawa's Parliament Hill.
- Facing import pressure, Canada's government cited steep tariffs President Donald Trump imposed on Canada and rising Chinese steel imports as reasons for protective measures.
- Specifically, the plan cuts allowed foreign steel imports from non‑FTA countries from 50 to 20 per cent of 2024 levels, quotas for Canada‑free trade partners from 100 to 75 per cent, and freight rates for steel and lumber by 50 per cent.
- Tourism figures indicate Canadian travellers' returns from the United States fell by a third last September, with Travel Health Insurance Association of Canada warning travel-related services suffer as Canadians choose other destinations.
- Viewed broadly, the measures could reshape imports and Canada‑U.S. economic ties, as Carney said, `We know that this decades long process of our ever-closer economic relationship between Canada and the United States has ended, and as a consequence of that, many of our strengths have become our vulnerabilities, particularly in those industries that are most tightly integrated with the United States.
12 Articles
12 Articles
CHRONICLE. American voters no longer believe in an integrated economy with Canada. And the neighbor to the north is likely the country hardest hit by Donald Trump's tariff war.
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Carney: Canada-US Trade Era Over as Ottawa Unveils Steel, Lumber Relief
Canada’s once-cozy trade relationship with the U.S. has ended amid President Donald Trump’s tariffs, Canadian Prime Minister Mark Carney said, according to CTV."We know that this decades-long process of our ever-closer economic relationship between Canada and the United States has ended, and as a consequence of that, many of our strengths have become our vulnerabilities, particularly in those industries that are most tightly integrated with the …
Carney: Canada-US Trade Era Over as Ottawa Unveils Steel, Lumber Relief
Canada’s once-cozy trade relationship with the U.S. has ended amid President Donald Trump’s tariffs, Canadian Prime Minister Mark Carney said, according to CTV."We know that this decades-long process of our ever-closer economic relationship between Canada and the United States has ended, and as a consequence of that, many of our strengths have become our vulnerabilities, particularly in those industries that are most tightly integrated with the …
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