Canadian Prime Minister Mark Carney has stated that his country’s ability to match the US response to new tariffs is limited due to the significant economic disparity between the two nations. With the US economy being nearly 10 times larger than Canada’s, Carney noted that there’s a cap on how much they can retaliate with dollar-for-dollar tariffs. This statement comes as tensions between the two countries continue to rise over trade disputes.
Source: https://www.bloomberg.com/news/articles/2025-03-17/canada-is-limited-in-matching-further-us-tariffs-carney-says