Prime Minister Mark Carney stated on Thursday ( Mar 27 ) that no options are open for possible countermeasures, and that Canada will wait until the following week to respond to the most recent US tariff threat.
Carney lamented the conclusion of a long, socially beneficial economic and security relationship with the United States, as he warned Indians about difficult times ahead.
He declared in a press conference,” We will fight the US tariffs with retaliatory trade actions of our own that will have maximum impact in the United States and minimal impacts here in Canada.”
Canada, which exports 75 % of its goods to the United States, may suffer greatly if there was a trade war.
On Friday, Carney said he would talk with provincial premiers and business leaders to discuss a planned reaction to the auto industry tariffs that US President Donald Trump announced on Wednesday.
When there are a number of US initiatives coming at a reasonably quick pace to listen to each of them, it makes no sense. We’ll learn a lot more in a year, and we’ll react right away,” he said.
Carney remarked,” Nothing can be done to protect our employees and our nation.” The introduction of tax duties on imports of oil, sodium, and other commodities is one opportunity for Canada.
In order to make the news, Carney broke from his campaigning ahead of the April 28 public vote.
He is asking voters to supply his Liberal Party a strong authority to deal with Trump. He will likely gain a majority of the surveys, according to recent polls.
Carney reiterated calls for Canada to establish its own car industry to reduce its dependence on the US and expand its trade, saying,” When President Trump threatens us once more, we will struggle back… with everything we have.
” It is obvious that America is no longer a trustworthy lover.” We might be able to regain some confidence with extensive discussions, he said, but there won’t be a turning back.
In a message to Trump, Carney said he would discuss the need for cooperation and respect for Canadian autonomy. Trump frequently mentions an annexation of Canada.
Trump claimed on Thursday that if the European Union and Canada” could work together to cause financial damage to the USA,” there might be higher taxes on both of them.
When asked for a reply, Carney responded,” I take note of the President’s reply. I don’t get any way from it.