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Mark Carney (From ‘X’ Twitter page)

COGwriter

Canada’s new Prime Minister announced the following:

“Throughout our negotiations with the United States on a new trade and security relationship, the objectives of Canada’s new government have been constant:

• To protect Canadian workers and their families
• To reinforce the competitiveness of Canadian businesses
• To build the strongest economy in the G7.

These negotiations have been taking place as the United States has been fundamentally transforming all its trading relationships. This new U.S. trade policy has several motivations: raising tariff revenues, protecting strategic industries, encouraging foreign investment in the U.S., and changing trade and non-trade policies in U.S. partners.

To these ends, the U.S. has announced a series of trade actions, beginning with International Emergency Economic Powers Act (IEEPA) tariffs against Canada and Mexico based on U.S. concerns about the border and fentanyl trafficking. This was followed by reciprocal tariffs on every U.S. trade partner, and very high sectoral tariffs applied globally on strategic industries, including steel, aluminum, autos, and copper. The U.S. has also imposed substantial trade actions on the Canadian lumber industry.

In recent weeks, the U.S. has agreed on a series of trade deals with a variety of countries that have several aspects in common:

• Base line tariffs, covering a broad range of goods, that are substantially higher than those that existed before. The average U.S. tariff rate on the world has jumped from just over 2% at the end of last year to almost 16% currently;
• Limited or no relief from the sectoral tariffs in strategic industries such as steel and autos;
• Substantial commitments by U.S. trade partners for investments in the United States; and,
• Significant unilateral trade liberalization measures by the U.S. trade partners.

As a result of these developments, the breadth and depth of the changes in U.S. trade policy have become more fully apparent. Specifically, under the new U.S. approach, countries must now ‘buy access to the world’s largest economy’ through tariffs, investments, unilateral trade liberalization, and policy changes in their home markets.

In previous trade disputes, Canada has implemented a series of retaliatory tariffs. Their objectives have been to protect Canadian workers and businesses, and to incentivize a negotiated settlement with the United States. Few other countries have followed suit.

In a positive development, earlier this month, the United States reaffirmed a core commitment to our free trade agreement, Canada-United States-Mexico Agreement (CUSMA), by reinforcing that those Canadian exports to the United States that are compliant with CUSMA will not be subject to U.S. IEEPA tariffs. As a result, the actual U.S. average tariff rate on Canadian goods is 5.6% and remains the lowest among all its trading partners, and more than 85% of Canada-U.S. trade is now tariff-free.

Let’s be clear, Canada currently has the best trade deal with the United States. While it is different from what we had before, it is still better than that of any country. As we work to address outstanding trade issues with the U.S., it is important we do everything we can to preserve this unique advantage for Canadian workers and their families. Doing so will require both building on a soon-to-be revised CUSMA and developing a new form of trade and security partnership. https://www.pm.gc.ca/en/news/statements/2025/08/22/statement-prime-minister-can-us-trade

Notice also the following:

‘Another capitulation’: Canada caves to Trump, dropping retaliatory tariffs

Despite campaigning on standing firm, Liberal Prime Minister Mark Carney continues to fold.

August 22, 2025

Months after scrapping its digital service tax in the face of threats from President Donald Trump, Canada’s liberal government has caved once again.

This time, Canadian Prime Minister Mark Carney — who put on quite the show about defying the U.S. while campaigning for office earlier this year — announced on Friday that Canada is dropping retaliatory tariffs on a number of American products in hopes of improving both relations with the White House and outcomes in future trade talks with the United States.

Canada was one of the only countries in the world that retaliated against Trump’s tariffs, imposing three rounds of retaliatory measures, … https://www.theblaze.com/news/another-capitulation-canada-caves-to-trump-dropping-retaliatory-tariffs

Here is something I posted here in February:

I wrote that they would bend:

I suspect that Donald Trump has figured that the pain to the economies of Mexico and Canada will make them bend to his demands as their economies are more dependent on exports to the USA than the USA’s is for exports to them.  (Thiel B. Nord Stream 2 for Europe? Canada and Mexico retaliate against tariffs. COGwriter, February 2, 2025)

Here is something I posted here in March:

Canada is in a precarious position these days and Donald Trump seems willing to try to cause Canada a lot of economic pain to get it to accede to his demands. Canada’s economy is highly dependent upon the USA’s economy, not the other way around.  Some American’s see Donald Trump’s actions as overdue, whereas others see bullying and other unsavory tactics being used. (Thiel B. Canada’s new PM & hurting feelings of foreigners via Donald Trump’s presidency. COGwriter, March 10, 2025)

Yes, Donald Trump has used bullying tactics.

Why?

Because he thinks he can.

And while he can, to a degree, do not think that there is no cost to that.

Canada and Mexico are looking to trade more with Europe and are trying to figure out how to thrive with less trade with the USA.

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This entry was posted on Saturday, August 23rd, 2025 at 8:00 am and is filed under Prophecy.

• European Union taking steps to increase trade to Middle East because of US trade policies
• BibleNewsProphecy: Trade Wars – and the Winner will be …
• Mexico and Canada bend the knee, so Donald Trump pauses tariffs
• Tariffs against imports from Canada, Mexico, and China–trade war anyone?
• Donald Trump to impose 25% auto import tariffs and threatens EU and Canada if they retaliate to cause harm
• Donald Trump, tariffs, and European Union unity: Unintended consequences continue
• Europeans see Trump trade policies as an ‘unexpected opportunity’ to grab
• Ontario’s trade ad backfires, Trump ending trade talks, and Canada can begin arresting citizens for online content
• Donald Trump announces trade deal with UK, hence confirming another COGwriter prediction
• Canada’s Mark Carney speaks of Canada being European, but realizes USA has economic leverage; Germany votes for a major military move