Carney ‘disappointed’ by 35% tariffs on Canada but USCMA exemption gives hope

Published August 1, 2025 1:39pm ET



Canadian Prime Minister Mark Carney voiced disappointment in President Donald Trump’s 35% tariff announcement, but sounded optimistic over exceptions through the U.S.-Mexico-Canada Agreement.

Trump announced 35% tariffs on some Canadian goods, justifying the move as being due to the continued flow of fentanyl across the Canada-U.S. border. In a statement posted on X, Carney pushed back against the logic, saying Ottawa had invested heavily in combating the illicit drug trade. He also noted that Canada was “disappointed” in the new tariffs, but remained committed to the USMCA.

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