According to Carney, the US stated to reporters on Friday that it would not impose tariffs on Canadian goods that would be in line with the US-Mexico-Canada free trade agreement. Some industries, such as cars and steel, will still be subject to tariffs.
I’m announcing today that the Canadian government will now impose its own tariffs on US goods that are specifically subject to USMCA, in accordance with Canada’s commitment to USMCA,” said Carney, noting that the change will go into effect on September 1.
He continued, “Canada and the US have now resumed free trade for the majority of our goods.”
The Canadian leader, who took office in April amid widespread resentment toward the administration of US President Donald Trump’s severe tariffs, acknowledged that despite the circumstances, he had managed to get the best deal possible.
On Friday, the Trump administration praised the choice.
“We applaud Canada’s long-overdue move. A White House official stated that we look forward to continuing our discussions with Canada regarding the Administration’s trade and security concerns.
In response to reporters’ inquiries about whether Carney had effectively folded in the face of US economic pressure, several citing his frequent use of the phrase “elbows up” on the campaign trail.
The phrase was used to express Carney’s commitment to defend the Trump administration as a hockey reference that suggested an aggressively protective posture.
As the Trump administration unravels decades of economic integration with other nations, the Canadian leader claimed that his country is not the only one trying to reorient itself.
Source: Aljazeera
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