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Prime Minister Mark Carney said on Thursday that Canada’s old relationship with the United States was “above” and promised there would be “widespread negotiation” of the countries’ trade agreement.
Speaking in Ottawa after meeting with the provincial prime ministers of the nation, Carney The tariffs imposed by US President Donald Trump will force Canada to reconsider and reshape his economy and seek “reliable” trading partners.
“The old relationship we had with the United States, based on the deepening of the integration of our economies and close security and military cooperation, ended,” he told reporters.
“Comete has come for a widespread negotiation on our security and trade relations.”
Carnie’s comments seem to be questioning the future of the USK, which was negotiate Between the two countries and Mexico during Trump’s previous administration and is welcomed as one of the most important trading deals in the world.
Carney said Canada would fight American tariffs with retaliatory trading activities on their own “that will have maximum impact on the United States and minimal influences in Canada”.
On Wednesday, Trump said the United States impose a 25 % tariff To import cars made from abroad, he said it was intended to strengthen the US automotive industry.
While the components in accordance with the USMCA are temporarily exempt from tariffs, the tax can have a major impact on the Canadian economy.
Trump’s tariffs aim to strengthen the US industry, but shares in General Aternal Motors fell 7.4 % on Thursday. Shares in Ford, which produce fewer vehicles in Mexico and Canada than his rival, declined by 3.9 %.
Earlier this month Trump offered a return to Canadian and Mexican carmakers when he temporarily excluded All the goods that adhered to the emissions of new tariffs.
“We are struggling with everything we need to get the best deal for Canada. Weille build an independent future for our country, stronger than ever,” Carney said.
The prime minister said the Canadian economy and its supply chains in critical sectors, such as the automotive industry, would need to be fundamentally changed to isolate themselves from further tariffs and US hostility.
“We have to do some things very differently,” he said.
Tiffar McLam, Governor of the Bank of Canada, said US tariffs were likely to put Canada in recession and a “new crisis” was attacked because of the US trade war.
“Depending on the degree and duration of US tariffs, economic impact can be serious; only uncertainty already causes harm,” he said earlier this month when he announced another interest rate reduction.
Carney said Auto -sector in Canada could survive Trump’s tariffs, but would require “access to other markets”, and the country is needed to “re -examine the auto sector and renew (s)”.
He recently traveled to London and Paris, his first trip as prime minister in an attempt to step up trade with other partners ahead of hostile hostilities.
Carney, who is in the middle of the national election campaign before the April 28 vote, said he would talk to Trump in “the next day or two”.
Some members of the Canadian cabinet could also head to Washington to meet their colleagues, he said.
He added that US president’s tariffs “would end up injuring US workers and US consumers.”
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