Canada’s countermeasures to new U.S. tariffs take effect, Carney says reliance on U.S. will be reduced

Canada’s countermeasures against newly increased U.S. tariffs have officially taken effect, according to a ChainCatcher newsflash. Prime Minister Carney then delivered a nationwide video address, calling on the public to unite in response to the Canada-U.S. trade war. In that message, Carney said Canada will reduce its dependence on the United States. He also said that while doing so will come at a cost, that cost is minor compared with the cost of standing still. The update did not disclose details on the specific measures that took effect, nor did it provide a timeline beyond saying the response is now in force. The statement focused on the policy move itself and Carney’s call for national unity.