Canada is preparing an alternative economic strategy as pressure grows from US President Donald Trump’s new 50% tariffs on Canadian goods.
The tariffs, which affect about US$20 billion worth of Canadian exports, took effect after trade talks between Washington and Ottawa collapsed. Canadian Prime Minister Mark Carney said Canada would respond with dollar-for-dollar retaliatory tariffs.
The dispute is expected to increase pressure on Canadian industries and could push the government to strengthen trade ties beyond the United States as it looks for ways to reduce its economic dependence on its largest trading partner.
