In a bold speech, Prime Minister Mark Carney announced the end of an era for Canada, stating that the longstanding trade reliance on the U.S. is over due to President Trump's new tariffs. Carney emphasized the profound change in the global economy, noting the historical ties of economic integration with the U.S. that had been a foundation of prosperity for Canada. He declared the new era requires Canada to respond decisively, asserting the nation's sovereignty and ambition as it faces this new reality. He also announced reciprocal tariffs to U.S. auto imports, signaling a strong stance against protectionism.
The system of global trade anchored on the United States that Canada has relied on since the end of the Second World War... is over.
Our old relationship of steadily deepening integration with the United States is over... This is a tragedy, but it is also the new reality.
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