Canada Expresses Disappointment Over Trump’s 35% Tariff Hike, Carney Responds

 

Canada has voiced strong disappointment following former U.S. President Donald Trump’s announcement of a sweeping 35% tariff increase on Canadian imports. The move, which Trump claims is aimed at protecting American manufacturing, has sparked concern across the border and drawn criticism from Canadian officials.

Mark Carney, Canada’s Deputy Prime Minister and former Bank of England Governor, called the tariff hike “damaging and counterproductive,” warning that it could strain economic ties between the two nations and hurt both economies.

“We are deeply disappointed by this unilateral decision,” Carney said in a statement. “Canada has always been a fair trading partner. These tariffs will not only disrupt supply chains but also raise costs for American consumers and businesses.”

The new tariffs target a wide range of Canadian goods, including steel, aluminum, lumber, and agricultural products. Canadian officials are reportedly considering retaliatory measures while urging Washington to reconsider the policy shift.

Trade experts caution that escalating tariffs could reignite tensions reminiscent of the 2018 trade disputes during Trump’s first term, potentially destabilizing North American markets.

As of now, Canadian exporters are bracing for the impact, while diplomatic channels remain open in hopes of de-escalation.