Canada’s PM Carney Vows to Fight Trump’s Tariffs as Global Leaders Assess Impact

Canadian Prime Minister Mark Carney has vowed to fiercely oppose the recent tariffs imposed by former U.S. President Donald Trump, sparking a potential trade war. Carney's stance comes as global leaders and markets react to the new levies, which have caused significant fluctuations in stock markets worldwide.

The tariffs, aimed at automobiles and other sectors, have raised concerns about a customs union between Canada and the U.S., an idea Carney has openly criticized. In response to the tariffs, Carney stated, "We will not stand idly by as our industries are unfairly targeted. We will fight these measures with all available tools."

Other world leaders are also weighing the impact of Trump's tariffs. European and Asian markets have shown signs of distress, with fears of a broader trade war escalating. Analysts predict that these tariffs could lead to retaliatory measures from other nations, further complicating global trade relations.

The situation remains fluid, with ongoing discussions and negotiations expected to shape the future of international trade policies. As the world watches, the effectiveness of Carney's resistance and the global response to Trump's tariffs will be critical in determining the next steps in this unfolding economic drama.

• Canada
• Donald Trump
• Mark Carney

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Will there be tariffs on Canada?

US$2.5 billion worth of goods and services cross the border every day. On March 4, 2025, U.S. tariffs of 25 per cent on Canadian goods and 10 per cent on energy and potash exports from Canada to the U.S. came into effect.

Are autos USMCA compliant?

However, vehicles produced prior to 2020 are not likely to meet all USMCA rules of origin. Vehicles produced on or after July 1, 2020, may meet the USMCA rules of origin. Under the USMCA Implementation Act, there are three vehicle certifications that must be provided by the producer of the covered vehicle.

Is Stellantis laying off employees?

Stellantis NV said on Thursday it was temporarily laying off 900 workers at five U.S. facilities after President Donald Trump's tariffs were announced, and temporarily pausing production at an assembly plant in Mexico and one in Canada.

What Canadian goods are tariffed?

Goods from Mexico and Canada that comply with the USMCA trade agreement between the three countries will largely remain exempt from tariffs, except for auto exports and steel and aluminum which fall under separate tariff policies.