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(Bloomberg) -- Prime Minister Mark Carney said Canada will look at whether to remove some counter-tariffs against the US, despite winning an election in which he pledged to fight back against President Donald Trump's trade war. Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds All Hail the Humble Speed Hump PATH Train Service Resumes After Fire at Jersey City Station Istanbul Policies Stalled as City Leaders Remain in Jail What England's New National Cycling Network Needs to Get Rolling Carney said retaliatory tariffs should be designed to maximize the impact on the US but minimize the pain for Canadian businesses. When the US changes its tariff rate, 'we don't automatically adjust. We look at what we can do for our industry that's most effective,' he said in West Kelowna, British Columbia. 'In some cases, that will be to remove tariffs. We have removed some tariffs over time so that, for example, the auto industry can function more effectively. And we'll look at opportunities to do so.' The comments underscore a politically awkward position for Carney as he seeks to minimize economic damage while also standing firm against Trump. The US president has imposed a broadside of tariffs and infuriated many Canadians by saying their country should be a 51st US state. Polls show there's strong appetite among the Canadian public for a hardball approach to the trade talks. But some economists, businesses and provincial premiers have warned against escalation with the US. And Carney has tried to soften the blow of Canada's counter-tariffs, which apply to tens of billions of dollars worth of US products, by creating exemptions. To help the auto sector, in April Carney offered tariff relief to carmakers — if they invest and keep production in Canada. In June, he said the government would adjust its existing counter-tariffs on steel and aluminum based on discussions with the US. But the US has since raised some tariffs, but Canada has not retaliated. Carney narrowly won an election in April touting slogans like 'Canada Strong' and 'Elbows Up,' the latter phrase meant to evoke warding off belligerent opponents in the national sport of hockey. Carney's main political opponent, Conservative Party Leader Pierre Poilievre, mocked the phrase by saying the prime minister's tenure was more a case of 'elbows down and tariffs up.' 'They're an Irritant' If Canadians expected other countries to follow suit in retaliation, the months since have proved disappointing. Although the European Union and Mexico have threatened measures against the US, they have held off, leaving Canada and China as the only countries to punch back with their own sizable counter-tariffs. The White House cited Canada's retaliation as part of the justification for increasing headline tariffs to 35% from 25% on some Canadian products last week. The majority of goods, however, remain exempt, covered by the US-Mexico-Canada trade deal Trump signed during his first term in office. Pete Hoekstra, the US ambassador to Canada, told the Canadian Broadcasting Corp. that Trump's policy is 'tariffs for every single country in the world.' Canada would likely have to remove its counter-tariffs as part of any trade truce, the diplomat said. 'They're an irritant right now.' Last month, British Columbia Premier David Eby told Bloomberg he didn't think additional counter-tariffs would change Trump's mind, but could still inflict harm on his province. That's because it's difficult for BC businesses to replace American steel and aluminum by paying to ship the heavy commodities from Canadian smelters in the east, thousands of miles away by rail. Nonetheless, Canadian voters still favor a 'hardball' response, refusing concessions, according to polling by Angus Reid released Friday. --With assistance from Melissa Shin. (Updates with comments from Conservative Party leader and US ambassador, beginning in the eighth paragraph.) Russia's Secret War and the Plot to Kill a German CEO AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay Government Steps Up Campaign Against Business School Diversity What Happens to AI Startups When Their Founders Jump Ship for Big Tech The GOP Is Choosing Pesticides Over the MAHA Moms ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
