Prime Minister outlines dollar-for-dollar counter-tariffs after U.S. tariffs

What happened

• Prime Minister Mark Carney met with provincial and territorial premiers to discuss the suspension of trade negotiations with the United States.

Key action

• The Prime Minister announced dollar-for-dollar counter-tariffs that will take effect the Tuesday after Labour Day.
• He also said there will be additional measures to support Canadian workers and businesses affected by U.S. tariffs; details will be released in the coming days.

Who is affected

• Businesses and workers facing new U.S. tariffs, and broader Canadian exporters as trade talks are suspended.

Next steps and context

• The federal government plans further announcements with details on support and measures.
• The Prime Minister emphasized continued collaboration with provincial and territorial governments to diversify export markets, speed up nation-building projects, and remove internal trade barriers.