Trudeaumania

Yesterday, the United States administration announced a series of unwarranted and unjustified tariffs that will fundamentally change the international trading system. While some important elements of the Canada U.S. trade relationship have been preserved, new tariffs on automobiles have now entered into force. These are on top of the previously announced tariffs, including those on steel and aluminum, which remain in place.The U.S. tariffs will do harm to American workers and businesses, but Canada will also be impacted, with every Canadian feeling the effects. The Government of Canada’s position has always been clear: we will fight these tariffs, protect our workers, and build the strongest economy in the G7.The Prime Minister of Canada, Mark Carney, today announced new countermeasures to protect Canadian workers and businesses and defend Canada’s economy. These countermeasures include:Twenty-five per cent tariffs on non-CUSMA compliant fully assembled vehicles imported into Canada from the United States.Twenty-five per cent tariffs on non-Canadian and non-Mexican content of CUSMA compliant fully assembled vehicles imported into Canada from the United States.Canada’s intention to develop a framework for auto producers that incentivizes production and investment in Canada.Most importantly, every single dollar raised from these tariffs will go directly to support our auto workers.These measures build on the Government of Canada’s previously announced supports to Canadian workers and business, including:Temporarily waiving the one-week employment insurance (EI) waiting period.Suspending rules around separation for a six-month period, so workers don’t have to exhaust severance pay before collecting EI.Making it easier to access EI by increasing regional unemployment rate percentages.Deferring corporate income tax payments and GST/HST remittances from April 2 to June 30, 2025, providing up to $40 billion in liquidity to businesses.Deploying a new financing facility for businesses.Providing more funding to Canada’s regional development agencies, so they can better support businesses.In a crisis like this, it’s important to come together and act with strength, purpose, and force – and that's exactly what we’re doing.Quote“The global economy is fundamentally different today than yesterday. We must respond with purpose and force and take every step to protect Canadian workers and businesses against the unjust tariffs imposed by the United States, including on automobiles. We will never cease to defend the interests of Canadians, safeguard our workers and businesses, and continue our pursuit to build the strongest economy in the G7.”The Rt. Hon. Mark Carney, Prime Minister of CanadaQuick FactsCanada and the United States have the world's most comprehensive and dynamic trading relationship, which supports millions of jobs in both countries. US$2.5 billion worth of goods and services cross the border every day.On March 4, 2025, U.S. tariffs of 25 per cent on Canadian goods and 10 per cent on energy and potash exports from Canada to the U.S. came into effect. On March 12, 2025, the U.S. imposed tariffs of 25 per cent on Canadian steel and aluminum products.On April 3, U.S. tariffs of 25 per cent on Canadian automobiles came into effect, targeting the auto industry and the more than 500,000 Canadians this industry supports across the country.The U.S. also intends to apply 25 per cent tariffs on certain automobile parts before May 3. Under the U.S. tariffs certain exclusions linked to U.S. content may be available, specifically, the application of the 25 per cent tariff only to the value of the non-U.S. content in automobiles and auto parts that qualify for preferential tariff treatment under CUSMA.Canada has responded to the U.S. imposition of tariffs on Canadian goods by introducing a suite of countermeasures designed to compel the U.S. to remove the tariffs as soon as possible. These countermeasures include:Imposing tariffs of 25 per cent on a valued $30 billion in goods imported from the U.S., effective March 4, 2025.Launching a public comment period on potential counter tariffs on additional imports from the U.S.Imposing, as of March 13, 2025, 25 per cent reciprocal tariffs on a list of steel products worth $12.6 billion and aluminum products worth $3 billion, as well as additional imported U.S. goods worth $14.2 billion, for a total of $29.8 billion to match U.S. tariffs on steel and aluminum dollar-for-dollar.Associated LinksCanada-United States relationsCanada’s response to U.S. tariffs on Canadian goodsThe Canada-United States-Mexico Agreement (CUSMA)Prime Minister Carney meets with premiers to discuss Canada’s response to U.S. tariffsPrime Minister Carney speaks with President of the United States Donald J. Trump

Today, the Prime Minister, Mark Carney, met virtually with provincial and territorial premiers to discuss Canada’s co-ordinated response to the United States’ auto and reciprocal tariffs. The Prime Minister was joined by the Minister of International Trade and Intergovernmental Affairs and President of the King’s Privy Council, Dominic LeBlanc.Canada’s First Ministers condemned the ongoing imposition of tariffs, which put thousands of good-paying jobs in both Canada and the U.S. at risk. While some important elements of the Canada-U.S. relationship have been preserved, Prime Minister Carney noted that the U.S. trade action will cause profound economic damage.First Ministers discussed how Canada is responding to the latest U.S. tariffs and defending the Canadian economy. Prime Minister Carney consulted with premiers on a response that maximizes impacts in the U.S., minimizes impacts on Canadians, and avoids escalating a trade crisis that Canada has worked hard to prevent. Canada will ensure that the proceeds of retaliatory tariffs will support workers and businesses affected by the U.S. tariffs. The Prime Minister noted the importance of maintaining resolve and unity as we confront this challenge.Prime Minister Carney shared updates with premiers on his recent conversations with U.S. and other international partners, including the President of Mexico, Claudia Sheinbaum.Prime Minister Carney committed to continuing to meet with the premiers in the weeks ahead.Associated LinksCanada-United States relationsCanada’s response to U.S. tariffs on Canadian goodsPrime Minister Carney speaks with President of the United States Donald J. TrumpPrime Minister Carney speaks with President of Mexico Claudia SheinbaumPrime Minister Carney meets with premiers to discuss Canada’s response to U.S. tariffs

Today, the Prime Minister, Mark Carney, spoke with the Chancellor of Germany, Olaf Scholz.Prime Minister Carney and Chancellor Scholz highlighted the successes of Hannover Messe, the world’s leading trade show for industrial technology, for which Canada is the Partner Country for 2025.The two leaders discussed the importance of reliable partners working together to protect transatlantic security and deepen economic ties, particularly in the current global trade context. The Prime Minister shared his plan to fight the United States’ unjustified trade actions against Canada, protect Canadian workers and businesses, and build Canada’s economy.Prime Minister Carney and Chancellor Scholz underscored the close bilateral relationship between Canada and Germany, and they agreed to remain in close contact.Associated LinksCanada-Germany relationsCanada at Hannover MesseCanada's response to U.S. tariffs on Canadian goods

Today, the Prime Minister, Mark Carney, spoke with the President of Mexico, Claudia Sheinbaum.The leaders had a productive call, discussing the importance of building upon the strong trading and investment relationship between the two countries, to benefit Canadians and Mexicans alike.With challenging times ahead, Prime Minister Carney and President Sheinbaum emphasized the importance of safeguarding North American competitiveness while respecting the sovereignty of each nation. Prime Minister Carney also highlighted his plan to fight unjustified trade actions against Canada, protect Canadian workers and businesses, and build Canada’s economy, including through increased trade between Canada and Mexico.The leaders agreed that ministers and senior officials will continue to work together to advance shared priorities.Prime Minister Carney and President Sheinbaum agreed to remain in close contact.Associated LinkCanada-Mexico relations

Today, Prime Minister Mark Carney met virtually with provincial and territorial premiers to discuss Canada’s co-ordinated response to the United States’ unjustified tariffs against Canadian goods, including the recently announced U.S. tariffs on imported automobiles and auto-parts. The Prime Minister was joined by the Minister of International Trade and Intergovernmental Affairs and President of the King’s Privy Council for Canada, Dominic LeBlanc.Canada’s First Ministers stand united against this unjustified U.S. trade action and are committed to defending Canadian businesses, workers, and families affected by this threat.Prime Minister Carney updated the premiers on his conversation with the President of the United States, Donald J. Trump, earlier today. The Prime Minister and the premiers discussed the path forward to respond to the evolving tariff threat by strengthening the Canadian economy, including through work to unlock economic projects and remove interprovincial trade barriers. Prime Minister Carney underscored the Government of Canada’s resolve to continue fighting against the unjust tariffs and protect Canadians.Prime Minister Carney committed to continuing to convene with the premiers in the weeks ahead.Associated LinksCanada-United States relationsCanada’s response to U.S. tariffs on Canadian goodsPrime Minister Carney speaks with President of the United States Donald J. Trump

Today, the Prime Minister, Mark Carney, spoke with the President of the United States, Donald J. Trump. The Prime Minister and the President had a very constructive conversation about the relationship between our two countries.The leaders agreed to begin comprehensive negotiations about a new economic and security relationship immediately following the election. In the interim, the leaders agreed that conversations between the Minister of International Trade and Intergovernmental Affairs and President of the King’s Privy Council for Canada, Dominic LeBlanc, and the United States Secretary of Commerce, Howard Lutnick, will intensify to address immediate concerns.The Prime Minister told the President that he would be working hard for the next month to earn the right to represent Canada in those discussions.The Prime Minister informed the President that his government will implement retaliatory tariffs to protect Canadian workers and our economy, following the announcement of additional U.S. trade actions on April 2, 2025.

Today, the Prime Minister, Mark Carney, met with provincial and territorial premiers and shared his plan to build one strong Canadian economy.The trade war brought on by the United States has renewed the urgency to address longstanding barriers that have fragmented our economy and reduced opportunities for Canadians. At the top of the agenda, the Prime Minister updated premiers on the Government of Canada’s actions to support workers and businesses affected by tariffs.To support workers, the new government will:Temporarily waive the one-week employment insurance (EI) waiting period.Suspend rules around separation for a six-month period, so workers don’t have to exhaust severance pay before collecting EI.Make it easier to access EI by increasing regional unemployment rate percentages.To support businesses, the new government will:Defer corporate income tax payments and GST/HST remittances from April 2 to June 30, 2025, providing up to $40 billion in liquidity to businesses.Deploy a new financing facility for businesses.Provide more funding to Canada’s regional development agencies, so they can better support businesses.The Prime Minister and the premiers agreed that by working together to unlock economic projects and remove barriers, Canada can more than offset the effects of U.S. tariffs – creating higher-paying jobs, maximizing our economic potential, and becoming stronger at home and stronger abroad.To that end, Prime Minister Carney outlined a suite of measures to develop a national trade and economic corridor. This corridor will drive investment, create jobs, and build economic growth. It will include:The creation of a First Mile Fund, building transportation networks to connect energy extraction sites to rail lines and roads. By providing capital to finance these key infrastructure projects across the country, the Government of Canada will expedite project construction and create a more integrated and accessible Canadian economy.A “one window” approval process, streamlining approvals for large-scale, national-interest infrastructure projects. This new measure will create clear, predictable, and efficient review processes – with the highest standards for safety, environmental protection, and Indigenous consultation – and reduce uncertainty for investors.A contribution agreement of up to $200 million toward the construction, commissioning, and operation of a new Indigenous majority-owned Cedar LNG processing facility. A partnership between the Haisla Nation and the Pembina Pipeline Corporation, this project will create hundreds of highly skilled construction and trades jobs, generate over $275 million in economic growth, and get Canadian energy to domestic and international markets.A $175 million investment in the Hudson Bay Railway and at the Port of Churchill, in Manitoba. This critical investment in Canadian trade and railway infrastructure will expand and open new transportation corridors, bolster economic growth and reconciliation in the Canadian Arctic and North, and help get Canadian products to global markets.Furthermore, Prime Minister Carney stressed the imperative to break down barriers to interprovincial trade. To build a stronger and fairer economy, he committed to table legislation by July 1, 2025, to eliminate all federal barriers to interprovincial trade and labour mobility and to remove all federal exemptions under the Canada Free Trade Agreement.By harmonizing regulations and enhancing labour mobility, Canada can create a truly open Canadian market – one that reduces costs for its businesses and consumers alike. This will help strengthen supply chains, boost productivity, and unlock new opportunities for Canadian companies.Quote“By working together, we can expand and build one more interconnected and resilient Canadian economy. Canadians are ready to show the world that we can cheer for different teams and still be one strong team when it counts.The Rt. Hon. Mark Carney, Prime Minister of CanadaAssociated LinksCanada-United States relationsCanada’s response to U.S. tariffs on Canadian goodsGovernment of Canada announces support for Cedar LNGSupport for the Hudson Bay Railway and Port of Churchill Canada

“Today, Canada’s First Ministers met to discuss how to continue building a strong and united Canada. They reaffirmed their commitment to take action to capitalize on our economic strengths and to work together to address the threats of unwarranted and unjustified tariffs being imposed by the U.S. on Canadian imports. They shared their views on building a stronger Canadian economy.“First Ministers discussed the need to foster procurement across the country to make it easier to buy Canadian. They highlighted that they are accelerating mutual recognition of products and professional credentials, while respecting Quebec’s specificity, in order to maximize economic opportunities for Canadian businesses and workers. To support this, the Prime Minister committed that federal regulation would not be a barrier to free domestic trade. First Ministers emphasized that Canada is stronger when we are united, and that now more than ever, reducing trade barriers is a priority.“First Ministers also discussed how to advance major projects across the country. Premiers acknowledged the Prime Minister’s confirmation that the federal government intends to recognize provincial and territorial environmental assessment processes as effective in implementing a ‘one project, one review’ approach to getting projects built.“First Ministers confirmed that a national trade corridor that connects the country from coast to coast to coast – to transport and export oil, gas, agricultural products, electricity, critical minerals, and other commodities – is a shared priority and is essential to support Canadian sovereignty and economic well-being. They agreed to continue discussions on advancing this work, contingent upon social acceptability. They also reaffirmed the need to bolster our Arctic security and fully realize the North’s economic potential in collaboration with Indigenous partners. They underscored the importance of prioritizing major projects that benefit all Canadians, including those in the critical trade, energy, and public infrastructure sectors.“First Ministers expressed concern about the impacts of China’s recently announced tariffs on Canadian canola, peas, pork, and seafood. The Prime Minister affirmed that Canada will escalate its engagement with China at the highest level to seek the removal of these tariffs and will continue to do so while also ensuring the ongoing protection of Canada’s automotive and manufacturing sectors and in alignment with key trading partners.“First Ministers noted their desire to work together on issues of community safety and to have a further discussion on this topic on a priority basis.“First Ministers agreed to continue to meet regularly to defend Canada’s economy and sovereignty.”

Today, Prime Minister Carney met with the leaders of the three National Indigenous Organizations: the National Chief of the Assembly of First Nations, Cindy Woodhouse Nepinak, the President of Inuit Tapiriit Kanatami, Natan Obed, and the President of the Métis National Council, Victoria Pruden.During the meeting, the Prime Minister shared his vision for building one strong Canadian economy – the strongest in the G7, built in partnership with Indigenous Peoples. The Prime Minister and the federal government will embed meaningful reconciliation with Indigenous communities, ensuring that their leadership and perspectives are integral to building a thriving, inclusive economy.The Prime Minister emphasized that the federal government will seek partnership and input from Indigenous leaders on how to build our economy together, including opportunities for Indigenous participation in major projects and respect for Indigenous rights. Prime Minister Carney highlighted that the Government of Canada will be doubling the Indigenous Loan Guarantee Program from $5 billion to $10 billion and opening it to sectors outside of energy and natural resources to support more Indigenous-led infrastructure, transportation, and trade projects across the country. This will ensure that rights-holders are a part of Canada’s accelerated push to build.Prime Minister Carney reiterated his commitment to advancing reconciliation, upholding the United Nations Declaration on the Rights of Indigenous Peoples, and taking a distinctions-based approach with First Nations, Inuit, and Métis.Prime Minister Carney thanked National Chief Woodhouse Nepinak, President Obed, and President Pruden for agreeing to meet on short notice. The leaders agreed to continue working together.

Today, Prime Minister Carney announced that the Government of Canada will cancel the proposed hike in the capital gains inclusion rate. Cancelling the increase of the capital gains inclusion rate is a recognition of the vital role that builders and small businesses play in shaping Canada’s future. It will strengthen Canada’s ability to catalyze the enormous private investment needed to create jobs and opportunities and to build a stronger future.In addition, the government will maintain the increase in the Lifetime Capital Gains Exemption limit to $1,250,000 on the sale of small business shares and farming and fishing property. The government will introduce legislation affecting the increase in the Lifetime Capital Gains Exemption limit in due course.The new government is focused on catalyzing investment, incentivizing builders for taking risks, and rewarding them when they succeed. It is time to build.Quote“Canada is a country of builders. Cancelling the hike in capital gains tax will catalyze investment across our communities and incentivize builders, innovators, and entrepreneurs to grow their businesses in Canada, creating more higher paying jobs. It’s time to build one Canadian economy – the strongest economy in the G7.”The Rt. Hon. Mark Carney, Prime Minister of Canada