Prime Minister Mark Carney responds
On Thursday Trump declared the rate hike on products that don't comply with the Canada-U.S.-Mexico Agreement (CUSMA).
'While the Canadian government is disappointed by this action, we remain committed to CUMSA, which is the world's second-largest free trade agreement by trading volume,' Carney's statement read.
'The U.S. application of CUSMA means that the U.S. average tariff rate on Canadian goods remains one of its lowest for all of its trading partners. Other sectors of our economy — including lumber, steel, aluminum and automobiles — are, however, heavily impacted by U.S. duties and tariffs.'
Read the full statement here.
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