Canada weighs retaliation against new U.S. tariffs, Carney says

On July 23, 2026, Canadian Prime Minister Mark Carney said Canada is considering retaliatory measures against the latest U.S. tariffs imposed by President Trump. He vowed to defend the country against what he called 'unwarranted trade actions' from the United States. Carney also indicated that Canada does not need to respond in advance to planned U.S. tariffs, but he did not rule out imposing retaliatory tariffs. Meanwhile, analyst Heather Exner-Pirot warned that cutting off oil exports to the U.S. would cripple Canada's own economy.