In a tariff-for-tariff move, Canadian Prime Minister Mark Carney said Thursday (April 3) that his nation will match US President Donald Trump’s 25 per cent auto tariffs.
The US tariffs, announced last month, went into effect Thursday.
Mark Carney said he told Trump over a phone call last week that Canada would be retaliating.
“We take these measures reluctantly. And we take them in ways that is intended and will cause maximum impact in the United States and minimum impact in Canada,” Carney said.
However, Canada has exempted auto parts, with the PM saying he valued the benefits of the integrated auto sector of the two nations.
Impact already visible in Canada
Carney said the impact of Trump’s tariff move was already visible in Canada.
A local union in Windsor, Canada revealed Wednesday that Automaker Stellantis has already shut down its operations in the area since April 7. The PM said it could impact 3,600 auto workers.
Content retrieved from: https://www.firstpost.com/world/trumps-reciprocal-tariffs-canada-retaliates-with-25-duties-a-reluctant-move-says-carney-13877045.html.
