Mark Carney Stuck It to Trump — and Could Still End up Pleasing No One
Carney said Canada will match U.S. tariffs dollar for dollar after new levies on $28 billion in goods could cost 90,000 jobs, officials estimated.
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4 Articles
For Canada, no deal is better than a bad deal
Leaders around the world – including in Japan, South Korea and the European Union – have agreed to lopsided trade deals with the United States to stave off, or at least limit, US President Donald Trump’s tariff threats. Not Mark Carney. The Canadian Prime Minister is one of the very few leaders – China’s Xi Jinping being the obvious other one – to stand up to Trump’s economic bullying. His government walked out of negotiations last week, declari…
Mark Carney stuck it to Trump — and could still end up pleasing no one
The Canadian prime minister’s transformation from policy wonk to prime minister owes much to Trump and his tariffs. But the biggest source of his political strength may become his undoing.
On August 21, 2026, Canadian Prime Minister Mark Carney ordered negotiators to leave the negotiating table and suspend trade talks with the United States. He proposed a "dollar for dollar" retaliatory measure, a tit-for-tat response to US tariff policies. He accused President Trump of "signing with a pencil," implying that he didn't keep his word because pencil writing can be erased.
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