Canadian Prime Minister Mark Carney announced on Wednesday that Canada will implement targeted countermeasures to challenge new U.S. tariffs on automotive imports, calling the move "a necessary defense of Canadian jobs and industries."
"We will act with purpose and with force to protect our workers and businesses," Carney stated, emphasizing plans to introduce support programs for sectors impacted by the tariffs. The measures come in response to U.S. President Donald Trump’s recent decision to impose trade restrictions on vehicle imports, a policy critics argue threatens North American supply chains.
Analysts suggest Canada’s response could include strategic tariffs on U.S.-manufactured goods and enhanced subsidies for domestic automakers. This escalation follows recent tensions over cross-border trade policies, with Carney highlighting the need for "predictable, rules-based cooperation" between the two nations.
The announcement has drawn attention from global markets, particularly in Asia where automotive supply chains are deeply integrated with North American manufacturing hubs. Business leaders and investors are monitoring potential ripple effects on import-export dynamics and commodity prices.
