Carney Urges 'Buy Canadian' Amid Trump Tariff Threat, Focus on Domestic Economy

World
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Moneycontrol•25-01-2026, 09:12
Carney Urges 'Buy Canadian' Amid Trump Tariff Threat, Focus on Domestic Economy
- •Canadian Prime Minister Mark Carney has launched a "Buy Canadian" campaign, urging citizens to support domestic businesses in anticipation of potential economic retaliation from the US.
- •The initiative comes after former President Donald Trump threatened 100% tariffs on Canadian goods if Ottawa deepens economic ties with China, accusing Canada of being a "Drop Off Port" for Chinese exports.
- •Carney emphasized focusing on what Canada can control, stating, "We can't control what other nations do. We can be our own best customers. We'll buy Canadian. We'll build Canadian."
- •The federal government plans to align procurement and industrial policies with the "Buy Canadian" message, prioritizing domestic suppliers and workers, and supporting local manufacturing.
- •The renewed push for self-reliance follows Carney's recent visit to Beijing, which aimed to ease tariffs on Canadian agricultural exports and explore increased Chinese investment, despite US objections.
Why It Matters: Carney advocates 'Buy Canadian' to bolster the domestic economy against Trump's tariff threats and global trade uncertainty.
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