This is how they usher in great depression.
Canada PM Mark Carney Concedes He May Not Be Able to Convince Trump to Drop Tariffs https://t.co/KoDpKWqB35 via @BreitbartNews
— bronxboy1 (@bronxboy1) July 16, 2025
Leftist Canadian Prime Minister Mark Carney told reporters on Tuesday that he believes it is possible a final trade agreement with the United States would still raise tariffs on Canadian goods, suggesting he may not win any negotiation with President Donald Trump.
Carney made the admission shortly before joining a cabinet meeting to discuss how to approach President Trump’s latest proposal: an increase in tariffs of Canadian goods to 35 percent if Ottawa continues not to help the United States contain the scourge of fentanyl and imposes tariffs on American goods that Washington deems unfair.
“There is not much evidence at this moment of agreements, arrangements, or negotiations with the Americans for any country, any jurisdiction, to have a tariff-free deal,” Carney said, according to the Globe and Mail. Carney reportedly promised that communication with Washington will “intensify” in the coming weeks in anticipation of the August 1 deadline for the 35 percent tariffs to take hold.
#UPDATE: Prime Minister Mark Carney says steel originating in China will be subjected to higher tariffs to try and prevent steel dumping amid U.S. President Donald Trump’s ongoing global trade war. https://t.co/th3Hn9s8ri
— CityNews Calgary (@citynewscalgary) July 16, 2025
Steel originating in China will be subjected to higher tariffs to try and prevent steel dumping amid U.S. President Donald Trump’s ongoing global trade war, Prime Minister Mark Carney said on Wednesday.
The prime minister toured a steel manufacturing company in Hamilton before announcing a suite of measures to protect the Canadian steel industry. The visit comes more than a month after Trump hiked tariffs on steel and aluminum to 50 per cent from 25, but for now Canada is still not adjusting its retaliatory tariffs on some U.S. steel and aluminum products that have been in place since the spring.
Wednesday’s announcement included a new 25 per cent tariff on all steel products that contain metal melted and poured in China by the end of the month.
Carney also said the import quotas promised last month on foreign steel, excluding the U.S. and Mexico, will take effect by the end of July, with a 50 per cent tariff rate charged on imports above those quotas. Countries that don’t have a free-trade agreement with Canada will have quotas set at 50 per cent of their exports to Canada in 2024, which would include China and India.