Canada must “fundamentally reimagine our economy” in the face of escalating tariffs imposed by U.S. President Donald Trump, Prime Minister Mark Carney said Thursday, declaring the “old relationship” between Canada and the U.S. is “over.”
Carney promised to bring retaliatory measures, reduce internal trade barriers and pivot Canada’s economy away from reliance on the U.S., after Trump announced new auto tariffs that will begin next week.
“Over the coming weeks, months and years, we must fundamentally reimagine our economy,” Carney told reporters in Ottawa after meeting with the cabinet committee on Canada-U.S. relations.
“The old relationship we had with the United States, based on deepening integration of our economies and tight security and military cooperation, is over.”
Carney wouldn’t say exactly what retaliatory measures the federal government will take in response to Trump’s latest round of tariffs. He said more will be announced on April 2, when the new auto tariffs and further “reciprocal” tariffs on …