Carney also noted that the era of deep economic, security, and military ties between Canada and the United States “is over.”
By Kehinde Okeowo
Canada’s Prime Minister, Mark Carney, has said that the Unites States is no longer a reliable partner after President Donald Trump’s latest tariff.
He made this known in a recent statement while vowing to fight the US with a retaliatory tariff.
TheNiche had earlier reported that President Trump on Wednesday announced a 25 per cent tariff on all vehicles and foreign-made auto parts imported into the United States.
Following the pronouncement, automaker stocks around the world slumped on Thursday.
Volkswagen, BMW, Mercedes-Benz, Porsche and Continental lost 4.5 billion euros ($4.84 billion) in combined market value, as investors panicked at the prospect of more costs and complexity in an industry already struggling with a slow ramp-up of electrification and high logistics costs.
Reacting to the development, Carney said the era of deep economic, security, and military ties between Canada and the United States “is over.”
ALSO READ: Auto industry rocked by Trump’s 25% tariffs on US imports
He went on to describe Trump’s automobile tariffs as “unjustified” and said they were in breach of existing trade deals between the countries.
Carney warned Canadians that Trump had permanently altered relations with the United States and that, regardless of any future trade deals, there would be “no turning back.”
“The old relationship we had with the United States based on deepening integration of our economies and tight security and military cooperation is over,” the PM said.
He added that Canada would retaliate against the auto tariffs.
“Our response to these latest tariffs is to fight, to protect, and to build,” Carney said.
“We will fight the US tariffs with retaliatory trade actions of our own that will have maximum impact in the United States and minimum impacts here in Canada,” he added.
Apart from Carney, Germany and other European countries had also condemned Trump’s latest automobile tariffs, expected to take effect from April 2, 2025.
However, despite the eternal outrage, American workers and Democrats have backed Trump’s auto tariffs
