Subtitle:
Trade tensions escalate as U.S. increases import duties; Ottawa calls move “unjustified and harmful”
News Report:
Ottawa – Canada has expressed strong disappointment over the United States’ decision to increase tariffs on Canadian goods to 35%, a move announced by former U.S. President Donald Trump as part of his new global trade strategy. Canadian Finance Minister Mark Carney, addressing reporters in Ottawa, called the decision “deeply disappointing” and warned of its potential impact on both economies.
“Canada has always supported open and fair trade. These unilateral tariff hikes are unjustified, harmful to workers on both sides of the border, and risk undermining decades of economic partnership,” Carney said.
The announcement from Trump, who has made trade a central issue in his political agenda, marks a sharp escalation in trade tensions between the two North American allies. The tariff increase reportedly affects key sectors such as aluminum, steel, and certain agricultural exports—industries where Canada is a major U.S. supplier.
Carney emphasized that Ottawa is currently reviewing all options, including reciprocal measures and an appeal to international trade bodies. “We will stand up for Canadian businesses and workers. We are assessing the full economic implications and coordinating with our international partners,” he added.
Industry leaders and trade unions in Canada have also voiced concern, saying the tariff hike could lead to job losses and supply chain disruptions. “This move not only threatens Canadian exports, but it also hurts U.S. manufacturers who depend on our resources,” said a spokesperson from the Canadian Chamber of Commerce.
The U.S. administration has defended the decision, stating that the new tariffs are part of a broader effort to reduce trade deficits and strengthen domestic manufacturing.
With U.S. elections on the horizon and Trump doubling down on protectionist policies, analysts say more trade turbulence may lie ahead. For now, Canada is urging calm diplomacy but is preparing for economic retaliation if necessary.
The move has already drawn criticism from other American allies, raising fears of a possible trade war reminiscent of the one seen during Trump’s first term in office.