'Everything on the table' as Canada plans response to US tariffs
Canadian Prime Minister Mark Carney is weighing retaliatory options following the US administration's announcement of 50% tariffs on C$20bn of Canadian imports. Negotiations are ongoing ahead of an August 19 deadline, with Canada aiming to protect its workers and businesses.
Why it matters
Escalating trade tensions between the US and Canada could disrupt supply chains and impact consumer prices for various industrial and retail goods.
Share Save Add as preferred on Google Jessica Murphy Canada digital editor Bloomberg via Getty Images Canadian Prime Minister Mark Carney says "everything is on the table depending on the outcome of the negotiations" as the country's trade dispute with the US heats up.
Carney's comments come after he met his provincial and territorial counterparts on Thursday to discuss a response after the Trump administration announced new 50% tariffs on some C$20bn of Canadian imports.
He said the trade talks with Washington are intensifying ahead of 19 August, when the new US tariffs will come into effect.
Some provincial leaders have pushed for firmer action - and faster results - on trade negotiations by Ottawa.
Carney said options included continuing to diversify trade away from the US and helping sectors most exposed to tariffs.
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