Prime Minister Mark Carney has announced a sweeping economic response to U.S. President Donald Trump’s escalating tariffs, pledging billions of dollars in new funding alongside a “Buy Canada” strategy aimed at strengthening domestic industries.
Speaking in Ottawa, Carney said the measures were designed to protect Canadian workers and businesses from what he called “punishing and unfair” trade actions by Washington. The package includes direct financial support for affected sectors, incentives for companies to shift supply chains back to Canada, and a public campaign urging Canadians to prioritize homegrown products.
Carney stressed that Canada would not be intimidated by U.S. pressure and that his government was prepared to take “every necessary step” to safeguard the economy. “We will defend Canadian jobs, Canadian businesses, and Canadian sovereignty,” he declared.
The announcement marks Ottawa’s most forceful pushback yet against Trump’s trade policies, which have already disrupted supply chains and triggered uncertainty for exporters. Economists say the new “Buy Canada” approach could reshape domestic consumption patterns while reinforcing Canada’s message that it will not yield to U.S. economic coercion.
Business groups largely welcomed the funding, though some expressed concern over potential long-term trade fallout if tensions continue to escalate.