“We will retaliate against the U.S. tariffs with our trade actions, ensuring they have the greatest impact on the U.S. while minimizing effects on Canada,” Carney remarked at a press conference. He acknowledged that a trade war would be particularly damaging for Canada, given that 75% of its exports are directed to the United States.

Carney also indicated that he would consult with provincial premiers and business leaders on Friday to discuss a coordinated response to the recent auto tariffs introduced by U.S. President Donald Trump. He noted that responding to each U.S. initiative individually would not be effective, and added that a more comprehensive understanding of the situation would emerge within a week. “Nothing is off the table to defend our workers and our country,” he asserted. One potential measure being considered is the imposition of excise duties on exports such as oil, potash, and other commodities.

Carney took a brief pause from his campaign ahead of the April 28 general election to address the matter. He urged voters to provide his Liberal Party with a strong mandate to manage relations with the U.S. Recent polling suggests he is poised for a substantial victory. “When President Trump threatens us again, we will fight back… with everything we have to secure the best deal for Canada,” Carney emphasized, reiterating calls to strengthen Canada’s auto sector and diversify trade to reduce reliance on the United States. “It is evident that the United States is no longer a reliable partner. While there remains a possibility that trust may be restored through comprehensive negotiations, there will be no return to the previous status quo,” he added.

Carney confirmed that he intends to engage with President Trump in the coming days to stress the importance of cooperation and respect for Canada’s sovereignty. He also responded to Trump’s recent remarks suggesting the possibility of larger tariffs on both the European Union and Canada if they collaborate to harm the U.S. economy, saying, “I take note of the President’s comment. However, I do not take direction from it.”