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Carney warns of tough times ahead in national address as retaliatory tariffs begin
Carney said new trade deals will help Canada withstand U.S. tariffs, as retaliatory duties of 15 to 50 per cent took effect on $27.8 billion in goods.
Prime Minister Mark Carney issued a national address Tuesday, warning that Canada's pivot away from the United States will "come at a cost" as retaliatory tariffs on $27.8 billion in goods took effect.
Following the failure to reach a deal last month, President Donald Trump imposed 50 per cent tariffs on nearly $28 billion in Canadian exports, prompting Canada's reciprocal response.
Defending the policy, Carney stated the tariffs are necessary to protect Canadian workers, noting "I don't believe in escalating the conflict." The government aims to make Canada stronger so "no country can ever hold us hostage."
Responding to the address, Conservative Leader Pierre Poilievre questioned the impact on 2.2 million food bank users and demanded the prime minister "be straight-up" regarding costs to families.
Drawing on historical context from the McKinley era, Carney warned against dependence on the United States and asserted that Canada has "everything we need to pivot and prosper.