Ottawa – Arab Canada News

The United States is expected to officially announce today the imposition of new retaliatory tariffs on Canadian imports, which President Donald Trump described as a "liberation day," in an escalatory step within the growing trade war between the two countries.

According to informed sources, the new package of tariffs will target vital sectors including automobiles, pharmaceuticals, and natural resources, which may lead to direct ramifications on supply chains and the investment environment in Canada.

Carney activates government response

In response to the American escalation, Mark Carney, the leader of the Liberal Party and presumed Prime Minister, intends to hold an emergency cabinet meeting today, in addition to activating the Canada-United States Council for Trade and Security, in order to coordinate political and economic responses to U.S. actions.

A statement from his office confirmed that "the government will work to protect the interests of Canadians and ensure the stability of the national economy in the face of increasing challenges," adding that Carney will also hold consultations with industrial and labor partners in the coming hours.

"Liberation" or escalation?

Trump had described this day as a "liberation day from unfair agreements," in remarks that drew sharp criticism in Canada, where officials called them "provocative and contradictory to the principles of the long-term partnership between the two countries."

Market responses expected

Canadian investors and companies are closely monitoring developments in the situation, with concerns about the impact of tariffs on prices, exports, and jobs. It is expected that Ottawa will issue an official statement in the coming hours outlining the path of the Canadian response, either through countermeasures or through negotiation.

Background:

This escalation comes at a critical time within the Canadian election campaign, where both Mark Carney and Pierre Poilievre are attempting to present differing visions for managing economic relations with Washington, amidst Trump's confrontational trade approach.