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Mark Carney Issues Warning on U.S. Auto Tariffs

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  • Mark Carney warns of 'damage' and 'pain' for Americans
  • Canada imposes tariffs on U.S. vehicle imports in response to Trump's auto tariffs
  • Carney believes American administration will change course only when pain is unbearable
360 summary
  • Carney announced a CA$2 billion "strategic response fund" to protect Canadian auto jobs affected by Trump's tariffs.
  • Canada can expect further tariffs on pharmaceuticals, lumber, and semi-conductors in addition to the existing steel and aluminum tariffs imposed by Trump.
  • Opposition Conservative leader Pierre Poilievre proposed removing the federal tax on Canadian-made vehicles in response to the tariffs.
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