Canadian Prime Minister Calls for Constructive Tone as US-Canada Tariff War Escalates
Canadian Prime Minister Mark Carney urged the United States to drop confrontational rhetoric and engage in serious negotiations over automobile tariffs after both countries imposed matching 50% duties on $20 billion of each other's exports. Canada announced the tariffs after trade talks collapsed, and the United States responded with equivalent measures (DW. com). The measures triggered sharp volatility in steel and aluminum stocks (CNBC) and boosted U. S.
steel producers even as they pressured automakers and weakened the Canadian dollar (Business Insider). Economists warned that the unresolved USMCA review and the new duties could lift vehicle prices, disrupt supply chains and threaten jobs (Detroit Free Press). A proposed 50% duty on Canadian-made cars slated for January 2027 would affect manufacturers such as Toyota and Honda (Autonocion. com).