Carney 'disappointed' by 35 per cent tariffs, vows to protect jobs
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In a 'fact sheet' from the White House, the Trump administration defended its latest action by blaming Canada for reportedly failing to 'cooperate in curbing the ongoing flood of fentanyl' and for having retaliated against the U.S. since their original round of tariffs.
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However, goods that qualify for 'preferential tariff treatment' under the Canada-U.S.-Mexico free trade agreement (CUSMA) continue to remain exempt from tariffs, it said.
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The prime minister added that the application of CUSMA means that the average tariff rate on Canadian goods going to the U.S. remains one of the lowest for all its trading partners.
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However, he said other sectors of Canada's economy will remain heavily impacted by tariffs, he said. Steel and aluminum were already subject to 50 per cent tariffs, with copper now impacted by that same rate, but lumber and automobiles are also of great concern.
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'For such sectors, the Canadian government will act to protect Canadian jobs, invest in our industrial competitiveness, buy Canadian, and diversity our export markets,' he said.
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Carney said despite the U.S. justifying its action on the flow of fentanyl, Canada accounts for only one per cent of U.S. fentanyl imports and 'has been working intensively to further reduce these volumes' with 'historic' investments for security at the border.
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Carney did not announce a new deadline to conclude a new economic and security agreement with the U.S. and rather insisted on making Canada more self-reliant.
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'While we will continue to negotiate with the United States on our trading relationship, the Canadian government is laser focused on what we can control: building Canada strong,' he said, pointing to internal trade between provinces and the building of major projects.
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