Carney Warns of Economic Pain as Canada Imposes Counter-Tariffs on U.S. Goods Prime Minister Mark Carney has issued a warning to Canadians about the economic consequences of the ongoing trade conflict with the United States. After implementing retaliatory tariffs on U.S. imports, Carney indicated that the country is prepared for potential further escalation from the Trump administration. The Canadian government is also shifting its focus towards strengthening alliances with international partners like the European Union. Prime Minister Mark Carney warns of economic hardship for Canadians after implementing retaliatory tariffs against the U.S. The countermeasures target 700 American imports, including dairy and plywood, in response to Trump's 50% tariffs on Canadian goods. Trade negotiations are not currently active, and further U.S. retaliation targeting Canadian alcohol and steel is possible. Canada is also exploring a new alliance with the European Union for trade and security. Transport Minister Steven MacKinnon confirms no official U.S. communication regarding a potential ban on Bombardier jet sales in the U.S