Mark Carney had promised: “We will respond to Donald Trump’s threats and tariffs, blow for blow, dollar for dollar,” said the Canadian Prime Minister, asking all of Canada to make a sacrifice to bear the consequences of a “trade war” against the United States.
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And the answer – after a couple of days of meetings in the Ottawa government and further attacks by Trump – has arrived: in a resistance to the overwhelming power of the US that so far few countries – perhaps only China with the strength of its strategic raw materials – have had the courage to organize.
Canada will impose customs tariffs ranging from 15% to 50% on 700 products imported from the United States for a total value of about 20 billion dollars: announced the Canadian Finance Minister François-Philippe Champagne, adding that to help the sectors most affected by this trade war, the Ottawa government has already allocated 5.4 billion US dollars, intended to support business liquidity and strengthen unemployment benefits.
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The measures decided by the Carney government will come into effect on September 8 to counter the 50% tariffs imposed by the United States – after the failure of trade negotiations – on 20 billion dollars of Canadian goods. To which Trump added the threat to double to 50%, starting next year, the tariffs on cars and steel produced in Canada.
“This is an unprecedented challenge imposed on Canada. But Canada will rise to the occasion,” Champagne emphasized. “I think what Canadians can see these days is that we are united. We are united in our response,” he added.
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