Canadian Prime Minister Mark Carney declared on Thursday that the era of close economic and military collaboration with the U.S. has ended, calling for a "fundamental reimagining" of Canada's economy. The statement came hours after U.S. President Donald Trump announced 25% tariffs on imported vehicles, set to take effect next week.
"Nothing is off the table to defend Canada," Carney emphasized, vowing retaliatory measures that would "have maximum impacts in the United States." Canada's $1.4 billion Strategic Response Fund aims to boost its auto sector and reduce reliance on American trade—a strategy Carney framed as essential for national resilience.
The PM criticized Trump’s policies as destabilizing, stating: "The U.S. is no longer a reliable partner." Despite tentative plans for their first leader-to-leader call, Carney warned there’s "no turning back" from the rupture in cross-border trust.
Analysts speculate this could accelerate Canada’s push to diversify trade partnerships, particularly in Asia and Europe. Could this trade war reshape North American supply chains? Stay tuned.
"Nothing is off the table to defend Canada," Carney emphasized, vowing retaliatory measures that would "have maximum impacts in the United States." Canada's $1.4 billion Strategic Response Fund aims to boost its auto sector and reduce reliance on American trade—a strategy Carney framed as essential for national resilience.
The PM criticized Trump’s policies as destabilizing, stating: "The U.S. is no longer a reliable partner." Despite tentative plans for their first leader-to-leader call, Carney warned there’s "no turning back" from the rupture in cross-border trust.
Analysts speculate this could accelerate Canada’s push to diversify trade partnerships, particularly in Asia and Europe. Could this trade war reshape North American supply chains? Stay tuned.
