Canadian Prime Minister Mark Carney has pledged that Canada will respond decisively to the United States' latest threat of tariffs, but will wait until next week to unveil its retaliatory measures. Carney warned Canadians of tough times ahead and lamented the deterioration of the economic and security relationship between the two countries.
Ottawa: Canada will exercise patience and wait until next week before retaliating against the United States ' recent threat of tariffs. Prime Minister Mark Carney , speaking on Thursday, March 27th, asserted that all options are on the table when it comes to potential countermeasures.
He painted a stark picture for Canadians, warning of challenging times ahead and lamenting what he described as the demise of a long-standing, mutually beneficial economic and security partnership with the United States. \'We will combat the US tariffs with retaliatory trade actions that will inflict maximum harm on the United States and minimize the impact on Canada,' Carney declared at a press conference. He underscored that a trade war would be exceptionally damaging to Canada, considering that 75% of its exports are directed towards the United States. Carney announced his intention to engage with provincial premiers and business leaders on Friday to collaboratively formulate a response to the auto sector tariffs imposed by US President Donald Trump on Wednesday. \'It's illogical to react to each of the series of US initiatives as they emerge in rapid succession. We will gain a clearer understanding in a week, and we will respond accordingly,' he stated. 'Everything is permissible to defend our workers and our nation,' Carney said, implying potential retaliatory measures. One such option for Canada is to impose excise duties on exports of oil, potash, and other essential commodities. He is urging voters to grant his Liberal Party a strong mandate to effectively address the Trump administration's trade policies. Recent polls suggest a decisive victory for the Liberals. 'When President Trump threatens us again, we will fight back, utilizing all our resources to secure the best possible deal for Canada,' Carney affirmed, reiterating the need for Canada to strengthen its domestic auto sector to reduce reliance on the United States and diversify its trade partners. 'It's abundantly clear that the United States is no longer a dependable partner. While comprehensive negotiations might allow us to partially restore trust, there will be no going back,' Carney said, highlighting the changing dynamics in the relationship. He pledged to speak with Trump in the coming days, emphasizing the importance of cooperation and respect for Canada's sovereignty. Trump has made public statements about annexing Canada, raising concerns among Canadians. In response to a recent statement by Trump suggesting the possibility of imposing even larger tariffs on the European Union and Canada if they collaborate to 'do economic harm to the USA,' Carney stated: 'I acknowledge the President's comment. I do not take direction from it.'
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