New Canadian Prime Minister, Mark Carney said on Thursday that his country would wait until next week to strike back against the latest US threat of tariffs, stating that nothing is off the table regarding possible countermeasures.
This is as he warned Canadians that tough times lay ahead, lamenting what he said was the end of a long, mutually beneficial economic and security relationship with the United States.
“We will fight the US tariffs with retaliatory trade actions of our own that will have maximum impact in the United States and minimum impacts here in Canada,” he said. 
The prime minister said he would speak to provincial premiers and business leaders on Friday to discuss a coordinated response to the auto sector tariffs that US President Donald Trump announced on Wednesday.
“It doesn’t make sense when there’s a series of U.S. initiatives that are going to come in relatively rapid succession, to respond to each of them. We’re going to know a lot more in a week, and we will respond then.
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