Canadian Prime Minister Mark Carney Announces Challenges To The US Imposed Tariffs By Trump

yesterday

Canadian Prime Minister Mark Carney held a press briefing on Thursday where he spoke about Canadian responses to US tariffs.

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Transcript

00:00We will fight to bring each of these tariffs to an end.

00:07We're fighting in courts, challenging that these tariffs have been illegally imposed under U.S. law.

00:14We have filed disputes underscoring that they are in violation of our free trade agreement, CUSMA.

00:21We have gone to the World Trade Organization because these actions are against international trade law.

00:28We are responding today with, and we have responded throughout, with carefully calibrated and targeted counter-tariffs.

00:39Yesterday, I met with my Canada-U.S. relations advisor.

00:46I held a meeting of the Canada-U.S. relations advisory committee.

00:54I also convened the Prime Ministers of the provinces and territories for the third time this week.

01:02We are united. We are determined.

01:07As I told President Trump during our call last week, Canada will respond to the U.S. auto tariffs.

01:16Today, I'm announcing that the Government of Canada will be responding by matching the U.S. approach

01:24with 25% tariffs on all vehicles imported from the United States that are not compliant with CUSMA,

01:32our North American free trade agreement,

01:35and on the non-Canadian content of CUSMA-compliant vehicles from the United States as well.

01:42Our tariffs, though, unlike the U.S. tariffs, will not affect auto parts

01:47because we know the benefits of our integrated production system.

01:52And they will also not affect vehicle content from Mexico, who is respecting the CUSMA agreement.

01:59And, as well, we are developing a framework for auto producers in Canada

02:07to get relief from these counter tariffs as long as they maintain their production and investment in our country.

02:16Importantly, every single dollar raised from those counter tariffs, our counter tariffs,

02:23which could reach around $8 billion before remission,

02:28will go directly to our auto workers and the companies affected by those tariffs.

02:35And that's on top of the $2 billion fund we announced last week to build a made-in-Canada auto sector,

02:43a fund that a new Liberal government would implement should we be elected.

02:50Our tariffs will not affect auto parts because we know the benefits of our integrated production system.

03:01And they will not affect vehicle content from Mexico.

03:06And, as well, we are developing a framework for auto producers in Canada

03:12to get relief from these counter tariffs as long as they maintain their production and investment in our country.

03:23Importantly, every single dollar raised from those counter tariffs,

03:28which could reach around $8 billion before remission,

03:33will go directly to our auto workers and the companies affected by those tariffs.

03:43And that's on top of the $2 billion fund we announced last week to build a made-in-Canada auto sector,

03:51a fund that a new Liberal government would implement should we be elected.

04:02Our retaliatory tariffs that we previously announced in response to the United States' other tariffs will remain in effect.

04:10You know, we take these measures reluctantly.

04:14And we take them in ways that is intended and will cause maximum impact in the United States

04:20and minimum impact here in Canada.

04:25And we should be aware that the President and his administration have also signaled

04:29that tariffs will be applied on what the Americans term as strategic sectors,

04:35pharmaceuticals, semiconductors, lumber, and agriculture.

04:41In the days and weeks to come, we will tell our American counterparts that this would be a mistake,

04:49that the issue of tariffs is not on the table,

04:53that any new commercial measure would require a calibrated, but energetic, response from Canada,

05:02and that the time has come to deeply renegotiate our economic and security partnership.

Canadian Prime Minister Mark Carney Announces Challenges To The US Imposed Tariffs By Trump

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