01
Aug
Ottawa (Rajeev Sharma): Canadian Prime Minister Mark Carney has issued a strong and measured response after U.S. President Donald Trump announced a sharp increase in tariffs on Canadian goods not covered by the Canada-United States-Mexico Agreement (CUSMA). The new 35% tariff, up from 25%, is set to take effect immediately, targeting a broad range of exports outside the trade deal. In an official statement released today, Prime Minister Carney expressed disappointment over the U.S. decision but reaffirmed Canada’s commitment to CUSMA, which he called “the world’s second-largest free trade agreement by trading volume.” Carney emphasized that while many Canadian exports…
