U.S. affordability to face brunt of tariffs on Canada, Carney says
Global News
On Sunday, Canada's Prime Minister Mark Carney responded to President Donald Trump's latest tariff threat saying it's Americans who will feel the brunt of potential U.S. tariffs.
Canadian Prime Minister Mark Carney said Americans will face the brunt of affordability challenges posed by U.S. President Donald Trump’s latest salvo in the trade war between the two countries.
Carney’s comments came a day after Trump threatened 100 per cent tariffs on Canadian goods over its decision to expand economic ties with China.
Asked about the threat, Carney pointed to affordability impacts.
“The impact of American tariffs will be on American affordability, not Canadian affordability,” Carney told reporters in French.
He appeared to be alluding to the fact that duties slapped on Canadian imports by the U.S. would be more felt by American consumers. When American companies bring in tariffed Canadian goods, they’re the ones having to pay the cost and, in most cases, pass that onto the public.
The prime minister outlined measures Ottawa would take to protect affordability in Canada, such as child and dental care, and the national food program for children.
Carney also said there would be “other significant measures” on affordability announced in the coming days.
Trump’s threat came days after Carney negotiated a new “strategic partnership” with China aimed at expanding bilateral trade and investment.
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