US EditionMore Than 85 Percent Of US-Canada Trade Is Tariff Free: Carney
- Mark Carney stated that over 85 percent of trade between Canada and the U.S. remains tariff-free, despite recent tariff increases by Donald Trump.
- Carney expressed disappointment over Trump's decision to raise tariffs on some Canadian goods from 25 percent to 35 percent since August 1.
- Carney highlighted that the sectors facing the biggest impacts are autos, steel, and aluminum, all of which are targeted by U.S. tariffs.
- He emphasized the need for Canada to build economic strength at home and pursue new opportunities abroad, noting, 'we cannot fully rely on what has been our most valued trading relationship'.
32 Articles
32 Articles
With Canada No Longer Able to Rely on U.S., Carney Pushes New Markets
Days after Canada was hit by increased tariffs from President Trump, Prime Minister Mark Carney of Canada downplayed talk of trade retaliation on Tuesday, saying he’s focusing on Canada reducing its economic ties to the United States. “We cannot count or fully rely on what has been our most valued trading relationship for our prosperity,” Mr. Carney told reporters at a lumber mill in West Kelowna, British Columbia. “That’s why we’re increasingly…
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More than 85 percent of US-Canada trade is tariff free: Carney
More than 85 percent of trade between the United States and Canada remains tariff free, Prime Minister Mark Carney said Tuesday, days after President Donald Trump hiked levies on some Canadian goods.
More Than 85 Percent Of US-Canada Trade Is Tariff Free: Carney
More than 85 percent of trade between the United States and Canada remains tariff free, Prime Minister Mark Carney said Tuesday, days after President Donald Trump hiked levies on some Canadian goods.
Prime Minister Mark Carney justifies the fact that he has not increased Canadian tariffs on U.S. goods by his willingness to avoid retaliatory measures that have negative effects on our side of the border
OTTAWA—Prime Minister Mark Carney justifies the fact that he has not increased Canadian tariffs on U.S. goods by his desire to avoid taking retaliatory measures that have negative effects on our side of the border. "We have always said that we will apply tariffs where they will have a maximum impact in the U.S. and a minimum impact in Canada. So we are not automatically adjusting," he said on Tuesday at a news conference in Kelowna, B.C... Carne…
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