Carney claps back at Lutnick, says Canada will resume trade talks 'when the Americans are ready'
Canada has retaliated against President Donald Trump's 50% tariffs with "dollar for dollar" duties on U.S. goods, which are set to take effect next week.
TL;DR
- Prime Minister Mark Carney refuted claims by U.S. Commerce Secretary Howard Lutnick that Canada "blew up" a trade deal for political reasons.
- Carney stated that Canada is ready to resume trade talks when the U.S. is ready and emphasized standing up for Canada's best interests.
- President Donald Trump posted on Truth Social that it is beneficial for Canadian politicians to portray him as the "enemy" until their economy collapses.
- Negotiations collapsed last month after the U.S. set an Aug. 22 deadline for new 50% tariffs on Canadian imports.
- Canada has retaliated with "dollar for dollar" tariffs on U.S. goods, set to take effect next week.