Prime Minister Carney says Canada is ready to respond if Trump’s new tariffs go into affect
Summary
Canada is working to negotiate a trade deal with the United States while preparing to respond if President Donald Trump’s planned 50% tariffs on Canadian goods begin on August 19, 2026. Prime Minister Mark Carney said Canada prefers to reach an agreement but will take action if the tariffs start.Key Facts
- President Donald Trump announced 50% tariffs on many Canadian products, starting August 19, 2026.
- The tariffs cover goods like honey, liquor, cement, dairy, wood products, and hockey sticks, but exclude energy, potash, fish, and critical minerals.
- These tariffs affect items previously protected under the USMCA trade agreement, which is no longer renewed by the U.S.
- Prime Minister Mark Carney said Canada is intensifying trade talks with the U.S. and keeping all options open if no deal is reached.
- Carney believes the tariffs might be a negotiation tactic and says there is willingness on the U.S. side to make a deal.
- Canadian provinces and the federal government are united in their approach to this trade issue.
- Canada is also working to diversify its economy and build trade relations with countries other than the U.S.
- An analysis estimates the tariffs could impact about 5% of U.S. imports from Canada, approximately $19.8 billion Canadian exports yearly, especially affecting Ontario, Quebec, and British Columbia.
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