Prime Minister Mark Carney said Thursday that Canada is intensifying negotiations with the United States to address a new round of tariffs.

The dispute threatens critical Canadian industries and provinces, risking significant economic disruption across the North American supply chain.

Speaking at a premiers' meeting in Prince Edward Island, Carney said the government is prioritizing the protection of the domestic economy. The Trump administration has imposed tariffs of up to 50% on Canadian goods [1]. This escalation has prompted the Canadian government to seek an immediate resolution to avoid widespread financial harm.

"We are intensifying our negotiations," Carney said.

The Prime Minister said the government is prepared to explore all available options to mitigate the impact of the trade barriers. He said the administration is open to various concessions or agreements to stabilize the relationship.

"Everything is on the table," Carney said.

Carney said the primary goal of the current diplomatic push is to safeguard the livelihoods of citizens and the stability of the private sector. He said the government will utilize all necessary tools to ensure that the national economy remains resilient against external pressures.

"We will do whatever it takes to defend and support our families, our workers, and our businesses," Carney said.

The meeting in Prince Edward Island served as a coordination point for provincial leaders to align their interests before the federal government continues its high-stakes talks with U.S. officials. The tariffs target a broad range of goods, which may lead to increased costs for consumers and reduced competitiveness for Canadian exporters.

“"We are intensifying our negotiations."”

The shift toward 'intensifying' negotiations and the admission that 'everything is on the table' suggests that Canada may be forced to consider significant policy or trade concessions to avoid the 50% tariffs. Because the tariffs target a wide array of goods, the economic pressure is not limited to a single sector but affects the broader national GDP, placing the Carney administration in a position where diplomatic flexibility is required to prevent a prolonged trade war.