Canada expecting smaller hit from Trump's global tariffs, says N.B. premier after meeting PM
CBC
U.S. President Donald Trump says he'll impose sweeping global tariffs on Wednesday, but New Brunswick Premier Susan Holt says Prime Minister Mark Carney told provincial and territorial leaders that Canada is expected to sustain less damage than other trading partners.
After meeting with Carney on Friday, Holt said Sunday that it was "encouraging" to hear "it looks like we will receive a favourable — if you can call it that — level of tariffs."
According to Holt, the prime minister told premiers the expectation is different tiers of tariffs, and for Canada to fall in the lowest level — "as low as 10 or 15 per cent."
Not only that, the tariffs may not be applied across the entire Canadian economy, she said.
"It means that our projections in New Brunswick for a potential 11,000 people to lose their jobs can shrink down to something smaller than that," Holt said in an interview on CBC's Rosemary Barton Live.
On Thursday, after Trump announced a 25 per cent tariff on all finished vehicles imported into the United States, Carney spoke with reporters about the upcoming global tariffs and alluded to a relatively positive outcome.
"We have the best deal of a bad deal, is the way I would term it within what the Americans have proposed," Carney said.
The prime minister added Canada has "a number of measures" it can take in response. But he was light on details.
"In a negotiation, it doesn't make sense to say what you're going to do going forward," Carney said.
Holt said the premiers discussed Canada's retaliatory strategy and they want the response to be "appropriate, strategic and proportional."
The prime minister spoke with Trump on Friday for the first time since being sworn in. The U.S. president respected Canada's sovereignty during the conversation, Carney said.
"Perhaps there was a different impression before about how strong Canada really is," he said during a news conference in Montreal.
Carney said the call was "cordial" and "positive."
On Friday, Trump described his conversation with Carney as "very productive."