Canadian Prime Minister Mark Carney met with Canada's premiers to discuss the newly implemented US tariffs on various imported goods. President Trump announced a 10% baseline tariff on most imports and higher tariffs on specific items.
While goods under the CUSMA agreement are exempt, other imports face a 25% levy. Additionally, 25% tariffs on automobile imports commenced, adding to existing tariffs on steel and aluminum. Canada and Mexico remain threatened by potential economy-wide duties related to fentanyl trafficking.
Carney stated that Trump's tariff regime will significantly alter global trade, and Canada will implement countermeasures. Previous attempts at tariffs have been made, showing a pattern of on-again-off-again trade tensions.