Prime Minister Mark Carney says the federal government is closely examining U.S. President Donald Trump’s latest trade measures against Canada, including new import bans and tariffs of 50 per cent on a range of Canadian products.
Speaking Thursday, Carney acknowledged that while the measures may affect different parts of the Canadian economy unevenly, the consequences could be significant for businesses operating in the sectors directly targeted.
“We fully recognize that for individual companies and in individual sectors these are significant, and there’s a response there,” Carney said.
The latest U.S. measures include restrictions on Canadian imports, including most alcohol products, alongside new 50 per cent tariffs covering a series of other goods.
Carney said Ottawa is examining the measures closely as the government considers how to respond and support affected Canadian companies and industries.
The developments represent another escalation in Canada-U.S. trade tensions, adding pressure on businesses already navigating an increasingly uncertain cross-border trading environment.
Ottawa’s next steps will be closely watched as the federal government weighs how to protect affected sectors while managing the broader economic relationship with Canada’s largest trading partner.
