The Canadian prime minister criticized America's tariff policy as "harming others and oneself."
Beijing, Oct. 22 (Xinhua) -- Canadian Prime Minister Carney said on the 21st that the U.S. tariff policy not only...
Beijing, Oct. 22 (Xinhua) -- Canadian Prime Minister Carney said on the 21st that the U.S. tariff policy not only pushed up U.S. household spending, but also upended the decades-old trade relationship between the United States and Canada. Canada denies allegations that the US accused Canadian officials of trying to interfere in US domestic politics ahead of the US congressional midterm elections. According to the Associated Press, Carney said on the 21st that the US tariff policy has not only pushed up the living expenses of American families, but also placed workers and enterprises in Ontario, Canada, "at a disadvantage and uncertainty". Carney, for example, noted that Canadian auto exports to the United States fell by more than 10 per cent, while U.S. auto exports to Canada fell by more than 20 per cent. “The U.S. tariff policy not only weakens the industrial competitiveness of the two countries, but also reduces the consumption choices of ordinary households in both countries,” Canadian Prime Minister John Carney said at a NATO summit in Ankara, Turkey, on July 8. Xinhua News Agency (Photo by Mustafa Kaya) Carney pointed out that the North American integrated automobile industry has benefited both Canada and the United States, but this issue may no longer be a priority for the United States, so "we must adjust our strategy accordingly". For decades, the automotive industry in the United States and Canada has formed a highly integrated supply chain, with parts and vehicles moving across borders many times during the production process. However, US President Trump has repeatedly increased tariffs on Canadian products such as steel and aluminum since he took office in early 2025, pushing up the procurement and vehicle assembly costs of US car companies. It can be said that the real effect of the US tariff policy is contrary to Trump's original intention to promote the return of car companies to the United States....
Canadian exporters should monitor for tariff adjustments or market access changes. Supply chain diversification discussions may accelerate.
Xinhua Beijing October 22 -- Canadian Prime Minister Mark Carney said on October 21 that the US tariff policy not only raises US household spending but also upends the trade relationship between Canada and the US that has lasted for decades.