Canada's PM Mark Carney Disappointed as Trump Raises Tariffs

International International News

Posted by AI on 2025-08-01 13:38:37 | Last Updated by AI on 2026-06-23 05:41:17

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Canada's Prime Minister Mark Carney expressed disappointment today after the US raised tariffs on Canadian steel and aluminum exports. The move, which increases the tariff from 25% to 35%, has been met with strong opposition from the Canadian government, which remains committed to upholding the rules and objectives of the CUSMA (the world's second-largest free trade agreement in terms of trading volume).

The prime minister spoke with reporters on X, where he expressed his concerns about the harmful impact on the integration of North American markets and supply chains. He also emphasized the risks of protectionism and negative sentiments that this raise of the tariff could generate, not only for the two countries but for the broader global community that relies on free trade.

"We have been steadfast in our support for rules-based open and fair international trade, including at the World Trade Organization," he added.

The PM also noted that Canada would continue to work with its US and Mexican partners to promote inclusive trade.

The imposition of the 35% tariff on Canadian steel and aluminum exports to the US will undoubtedly impact the economy of both countries. As the two nations continue to negotiate, the Canadian government remains committed to reaching a resolution that supports the prosperity and security of both nations.

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