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Reading: Mark Carney: Canada Will Stand Firm Against Trump’s Tariff Threats
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Business Journal » Interview » Mark Carney: Canada Will Stand Firm Against Trump’s Tariff Threats
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Interview

Mark Carney: Canada Will Stand Firm Against Trump’s Tariff Threats

Last updated: July 15, 2025 4:01 am
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As US President Donald Trump threatens a sweeping 35% tariff on Canadian goods, Canadian Prime Minister Mark Carney has made it clear that Canada will not back down from defending its workers, industries, and trade interests. In a time of escalating tensions, Carney’s measured but firm comments reflect Ottawa’s broader strategy: remain steady, protect key sectors, and keep the door open for negotiation — but not at any cost.

Canada’s Position on Trump’s New Tariff Threats
Prime Minister Mark Carney broke his silence on President Trump’s latest threats to impose a 35% tariff on Canadian goods starting 1 August. Speaking exclusively on the matter, Carney reiterated Canada’s determination to safeguard its economy and its people amid the growing uncertainty.

“We will continue to protect Canadian workers and Canadian businesses as we approach this artificial deadline,” Carney said.

Carney’s comments come after Trump published a letter on his social media platform, Truth Social, announcing his plans for the tariffs and tying them to multiple grievances — from trade imbalances to the opioid crisis.

On Canada’s Efforts Against Fentanyl
Trump controversially linked his tariffs to what he called “Canada’s failure” to stop fentanyl entering the US. Carney rejected this narrative outright, highlighting Canada’s ongoing efforts to tackle the issue.

“Canada has made essential progress to stop the scourge of fentanyl in North America,” he said, emphasizing joint cooperation with the US on this front.

“Our government remains committed to working alongside the United States to protect communities on both sides of the border.”

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Carney pointed out that recent data shows only 0.2% of fentanyl seizures occur at the Canadian border, and Ottawa has already increased funding for border security while appointing a “fentanyl tsar” to address American concerns.

On Retaliation and Negotiation
When asked about potential Canadian retaliation if the tariffs go into effect, Carney was firm but diplomatic.

“Canada has already taken measured, reciprocal steps when necessary. If required, we will do so again.”

He noted that the recent removal of a controversial Canadian tax on big US tech firms was not a sign of weakness, but a strategic move.

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At the recent G7 Summit, Carney and Trump had jointly committed to reaching a new trade and security agreement within 30 days. However, Carney hinted that Canada will not be pressured into an unfavorable deal simply to meet an arbitrary deadline.

Canada’s Broader Strategy
As tensions mount, Carney remains clear-eyed about the stakes. With three-quarters of Canadian exports heading south, and key sectors like autos and metals exposed to US protectionism, the risks are significant. Yet Carney insists Canada is prepared.

As 1 August approaches, Mark Carney’s stance signals Ottawa’s refusal to be bullied, even as it keeps the door open for diplomacy. In this high-stakes trade standoff, Canada appears ready to weather the storm — with steady leadership at the helm.

AmCham Chief Urges Bilateral Deal as US Tariff Decision Looms
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