Mark Carney says "all options are on the table" on possible retaliation to U.S. tariffs

Negotiators are racing to reach a U.S.–Canada agreement before an early Wednesday deadline to block President Donald Trump’s threatened 50 percent tariffs on Canadian goods including hockey sticks, wine, and cement. A possible deal would involve Canadian trade concessions plus cooperation on energy, defense, and critical minerals, while Washington would drop the new “Section 338” tariffs and ease steel and aluminum duties, according to industry executives and trade specialists following the talks. Prime Minister Mark Carney, asked about possible retaliation, said Canada was prepared to respond however necessary. The stakes are significant: a deal could revive formal negotiations over the USMCA trade pact, while failure could worsen cross-border trade tensions and deepen Canadian opposition to U.S. policy.