Alberta’s premier suggests the tariff dispute is ‘behind us.’ Carney warns more pain could be coming
Shortly before Carney stopped to speak to reporters on Parliament Hill tonight, Alberta Premier Danielle Smith posted a statement to social media in which she said “it appears the worst of this tariff dispute is behind us.”
But in case anyone was in a mood to celebrate, or merely breathe a sigh of relief, the prime minister offered a few significant notes of caution.
“President Trump has just announced a series of measures that are going to fundamentally change the international trading system,” Carney said.
And as Carney noted, previously announced tariffs on Canadian goods — including automobiles, steel and aluminum — will remain in place. Additional tariffs, he warned, may yet be applied to pharmaceuticals, lumber and semiconductors.
“We’re in a situation where there is going to be an impact on the U.S. economy which will build with time,” he said. “The series of measures will directly affect millions of Canadians.”
While repeating his commitment to fight the tariffs and protect workers, Carney also used the word “crisis” to describe the situation.
In other words, the only good news is that things could have been worse. There is still a long way to go. And above and beyond trade between Canada and the United States, the ramifications of Trump’s tariffs are only beginning to reverberate.
