Carney Eyes Retaliation Against US Auto Tariffs

Canadian Prime Minister Mark Carney has announced plans to counter U.S. President Donald Trump's imposition of 25% tariffs on the Canadian auto sector with potential retaliatory measures, emphasizing the need to diversify Canada's trade partnerships and reduce reliance on the U.S. Trump has warned the EU and Canada against forming economic alliances that could harm the U.S., threatening larger tariffs in response. The tariffs may significantly raise vehicle prices in the U.S. and have prompted European retaliation, with Germany and France considering increased EU tariffs. Carney plans to consult with provincial leaders and industry stakeholders to develop a comprehensive response, potentially including duties on commodities like oil and potash. The Prime Minister asserted that no options are off the table in defending Canadian interests.