Carney warns of tough times ahead in national address as retaliatory tariffs kick in
OTTAWA — Prime Minister Mark Carney is warning Canadians the country’s pivot away from the United States will come at a cost — but insists the alternative would be far worse.
In a national video address released Tuesday — hours after Canada’s retaliatory tariffs kicked in — Carney discussed Canada’s plan to respond to the U.S. trade war by striking new trade deals with other countries.
“We have everything we need to pivot and prosper,” he said.
“That pivot will come at a cost. There’s always a cost to action. But it doesn’t come close to the cost of standing still.”