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US Tariffs: Carney Says Will Speak When It Makes Sense

Financial Express Kochi

|

August 07, 2025

PRIME MINISTER MARK Carney said Canada will look at whether to remove some counter-tariffs against the U.S., despite winning an election in which he pledged to fight back against President Donald Trump's trade war.

- BLOOMBERG

Carney said retaliatory tariffs should be designed to maximize the impact on the U.S. but minimize the pain for Canadian businesses. When the U.S. changes its tariff rate, "we don't automatically adjust. We look at what we can do for our industry that's most effective," he said.

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