MNI BRIEF: Carney Downplays Goal Of Lifting All US Tariffs

Jul-15 18:56By: Greg Quinn
Trade+ 2

Prime Minister Mark Carney told reporters Tuesday no country has been able to lift all U.S. tariffs, a shift from prior "elbows up" talk focused on removing every sanction on Canada that he had called a violation of an earlier trade deal. 

"There isn't a lot of evidence" any country has seen all tariffs removed, Carney told reporters in French before a cabinet meeting. Canada benefits from having the lowest effective tariff rate in the world now, he said, adding “we have to stabilize the situation.” (See: MNI: Canada Pushed Bessent On Market Drop After Auto Tariff)