"We received confirmation that the latest reciprocal tariffs will not be imposed on Canada. At the same time, President Trump confirmed that the tariffs announced last week against our auto industry will come in and indeed have come into effect today."
In response, Carney said Canada will impose a 25% tariff of its own on U.S. auto imports that do not comply with the U.S.-Mexico-Canada Agreement on free trade. Carney said the tariffs would not be imposed on auto parts, citing benefit to their integrated production system, nor would they be imposed on Mexico.
"So while it's progress that further tariffs were not imposed on Canada yesterday, the president’s actions will reverberate here in Canada and across the world," he said.
"Three sets, three different sets of U.S. tariffs remain in place and will continue to pose significant threats to Canadian workers and Canadian businesses. And while they have been imposed under different premises, some things are consistent.