Canada ready to negotiate with US after Trump announces 50% tariffs

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Mark Carney, Prime Minister of Canada, said that the US government's announcement of plans to impose new import tariffs at a rate of 50% on a wide range of Canadian goods represents the latest unilateral trade measure by the US, which directly violates the Canada-United States-Mexico Agreement, or CUSMA. Carney stated that over the past 18 months, the US has reshaped the entire trade relationship, including relations under the CUSMA framework, while Canada has submitted several detailed and comprehensive proposals to resolve disputes and modernize the CUSMA agreement. He confirmed that Canada is ready to elevate these discussions in the coming weeks and believes in the benefits of free and fair trade, pointing out that this trade dispute has driven up the cost of living for families, especially in the US.

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