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'Everything on the table' as Canada plans response to US tariffs
BBC • • nation
Key Points:
- Canadian Prime Minister Mark Carney stated that all options are being considered in response to the US imposing 50% tariffs on C$20 billion worth of Canadian imports, with negotiations ongoing ahead of the tariffs taking effect on August 19.
- Carney emphasized support for Canadian workers, families, and businesses, mentioning efforts to diversify trade away from the US and assist sectors most affected by the tariffs.
- The US tariffs target everyday consumer goods like wine and hockey sticks, as well as industrial products such as cement, while sparing key exports like energy, potash, critical minerals, and fish.
- The trade dispute is unfolding amid slow progress in US-Canada-Mexico talks to renew the USMCA agreement, with hopes for interim deals by the end of the year but tougher issues potentially extending negotiations into next year.
- The August 19 deadline for tariffs is seen as both a pressure tactic by the Trump administration and an opportunity to advance trade discussions between the two countries.
