Canada PM Carney: 'Full range' of retaliatory measures ready if Trump's 50% tariffs take effect in August

Published Jul 26, 10:00 PM UTC

Canadian Prime Minister Mark Carney stated on July 26, 2026, that Canada has a 'full range' of retaliatory measures prepared if President Donald Trump's threatened 50% tariffs take effect by the August 19 deadline. The tariffs, announced under Section 338 of the Tariff Act of 1930, target liquor, dairy, cement, honey, hockey sticks, and some wood products, while excluding energy, potash, fish, and critical minerals. Desjardins estimates the duties would impact about C$28 billion in annual exports, roughly 5% of Canadian shipments to the US, with Ontario, Quebec, and British Columbia most exposed. Carney said immediate retaliation would be 'counterproductive' while negotiations continue, but provincial leaders like Ontario Premier Doug Ford and BC Premier David Eby called for a forceful response, including potential electricity export surcharges and continued alcohol boycotts. Carney also emphasized Canada's commitment to diversifying trade beyond the United States regardless of the outcome.