Prime Minister Mark Carney has suggested a new trade deal with the United States is now most likely to include tariffs. There is, in his own words, “not a lot of evidence right now” that the Donald Trump administration is willing to stand down from imposing levies on Canadian imports.
In making this acknowledgement, Carney has backed down from his previous insistence that Canada would “fight to bring these tariffs to an end.”
But rather than continuing to retaliate with tariffs of its own, the government has begun to confess that such a tactic may be a losing battle.
