Canada's Prime Minister Mark Carney reaffirmed the country's commitment to the United States-Mexico-Canada Agreement (USMCA) while continuing to seek a deal with the United States amid rising trade tensions. Following the imposition of a 35% U.S. tariff on Canadian goods, Carney indicated he would engage in talks with U.S. President Donald Trump "when it makes sense." Carney is also exploring additional tariff cuts aimed at boosting industry efficiency in Canada. In Ottawa, Carney convened virtual meetings with his cabinet, provincial, and territorial premiers to discuss the latest U.S. tariffs and the broader trade situation. Provincial leaders displayed divisions on the issue, although Ontario Premier Doug Ford expressed confidence in Carney's leadership and described Canada’s tariff plan as "solid," without providing specifics. Ford cautioned that Trump could reopen the USMCA trade pact as early as the fall of 2025, urging Canadians to "fasten your seatbelt" for potential renegotiations. Carney downplayed talk of retaliatory tariffs, emphasizing instead Canada's focus on reducing economic dependence on the U.S. He also indicated openness to removing existing Canadian tariffs to help domestic industries navigate the trade challenges.
‘He's not waiting until 2026’: Trump likely to reopen CUSMA trade pact in the fall, Doug Ford warns https://t.co/8jZScVDyZU https://t.co/AFJ6AbisGc
Ford didn’t call for immediate new retaliatory tariffs and repeatedly emphasized his confidence in Carney’s leadership, even as the prime minister said he was open to removing existing tariffs to help Canadian industries weather the trade storm #onpoli https://t.co/ctn2yTCXat
📰 via @nytimes: 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. https://t.co/aySnqPzkc7