{"id":193101,"date":"2026-09-02T18:12:41","date_gmt":"2026-09-02T18:12:41","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/193101\/"},"modified":"2026-09-02T18:12:41","modified_gmt":"2026-09-02T18:12:41","slug":"carney-says-trump-officials-are-just-throwing-shade-economists-say-canadians-will-pay-for-it","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/193101\/","title":{"rendered":"Carney says Trump officials are just \u2018throwing shade\u2019 \u2014 economists say Canadians will pay for it"},"content":{"rendered":"

\"Prime<\/a> Prime Minister Mark Carney <\/p>\n

Prime Minister Mark Carney says the Trump administration is more interested in “doing memes” and “throwing shade” than striking a real trade deal. <\/p>\n

Speaking to reporters in Ottawa on Tuesday, Carney said talks can resume “when the Americans stop doing memes, stop throwing shade, stop trying to be tough and start being serious about having those discussions.” He called recent U.S. Cabinet-level mockery of Canada’s military “beneath their office” \u2014 pointing to Treasury Secretary Scott Bessent’s comments belittling Canada’s economy, Defence Secretary Pete Hegseth’s mocking social media post about Canadian cadets, and President Donald Trump’s move to rename Lake Ontario to “Lake America.”<\/a> <\/p>\n

Despite Carney’s fighting stance \u2014 and whatever happens next in Washington \u2014 Canadians end up feeling the consequences in their own shopping carts. <\/p>\n

On September 8, 2026, Ottawa’s retaliatory tariffs on hundreds of American products take effect \u2014 a direct response to the 50% U.S. tariff that hit C$27.6 billion of Canadian exports on August 22, days after trade talks between the two countries collapsed<\/a>. Finance Canada says its countermeasures are designed to match the U.S. rate “dollar for dollar,” with tariffs of 15%, 25% or 50% depending on the product. <\/p>\n

The stakes extend well beyond one shopping list. Canada and the U.S. exchange more than $700 billion in goods every year, and the current standoff marks a sharp break from that decades-long trading relationship<\/a>. Trade analysts warn the bigger risk for some workers may not be higher retail prices at all, but job losses at export-dependent Canadian businesses, such as furniture makers and steel producers, now facing 50% U.S. duties on what they sell south of the border<\/a>. <\/p>\n

Don’t Miss What changes on September 8 <\/p>\n

The new list leans heavily toward industrial inputs \u2014 steel, aluminum, pulp and paper, agricultural equipment \u2014 but it also touches goods Canadians buy directly<\/a>, including appliances, electronics, smartphones, cosmetics, clothing and footwear. <\/p>\n

Ottawa revised the list after its initial announcement, dropping fish and seafood entirely, citing a risk of broader economic harm to that sector<\/a>. These countermeasures are separate from Canada’s existing 25% tariffs on U.S. autos, steel and aluminum, in place since 2025 \u2014 though the steel and aluminum rate also doubles to 50% on September 8<\/a>. <\/p>\n

Story Continues <\/p>\n

Read more: 3 essential money moves to make once you’ve saved $50,000<\/a> <\/p>\n

How much this could cost you <\/p>\n

Economist Trevor Tombe wrote that he estimates the retaliatory tariffs will add about C$4 billion<\/a> in costs across the economy, pushing average consumer prices up by roughly 0.25%. And the burden isn’t shared evenly: Households earning under $30,000 a year stand to lose more than 0.5% of their disposable income, and Tombe calculates a family with kids could pay roughly $250 more a year because of the tariffs. <\/p>\n

Other economists expect a milder hit overall. McMaster University’s Colin Mang, speaking to BNN<\/a>, points to what happened the last time Canada rolled out counter-tariffs: Tariffed items ran about 6% pricier than comparable goods, adding roughly 0.3 percentage points to inflation, with retailers absorbing much of the cost rather than passing it all on to shoppers. <\/p>\n

What to do before the deadline <\/p>\n

Goods already in transit to Canada on September 8 are exempt from the new tariffs, but anything purchased or shipped afterward is not. That means if there is a U.S.-made appliance, gadget or favourite cosmetics brand on your list, buying before the deadline avoids the surtax outright. <\/p>\n

Carleton University’s Ian Lee suggested in a Bloomberg interview<\/a> that some Canadians will simply look for a non-American alternative instead \u2014 a shift that can blunt the price impact, since retailers competing against untariffed imports have less room to raise prices. <\/p>\n

For everyday grocery and household shopping, the honest answer from most economists is that the average Canadian won’t notice a dramatic shift at the checkout. But if money is tight, or a bigger American-made purchase was already on your radar this fall, checking the country of origin now \u2014 and deciding whether to buy before September 8 or shop the Canadian or non-U.S. alternative \u2014 is the one concrete step that puts the decision back in your hands before Ottawa’s tariffs, not just Washington’s, start showing up on the receipt. <\/p>\n

By the numbers: Canada’s September 8 tariffs <\/p>\n

$27.6 billion \u2014 value of U.S. imports facing Canada’s new tariffs <\/p>\n

15% to 50% \u2014 tariff rate range, matched to the equivalent U.S. rate <\/p>\n

700+ \u2014 U.S. products affected <\/p>\n

$4 billion \u2014 estimated added cost to the Canadian economy (Tombe estimate) <\/p>\n

$250 \u2014 estimated extra yearly cost for a family with kids (Tombe estimate) <\/p>\n

0.25% \u2014 estimated increase in average consumer prices <\/p>\n

What To Read Next <\/p>\n

The most expensive financial mistakes are often the ones you don’t see coming. Join 19,000+ Canadians who get the money moves, risks and opportunities shaping their finances \u2014 delivered free each week. Subscribe now.<\/a> <\/p>\n

This article originally appeared on Money.ca<\/a> under the title: Carney says Trump officials are just ‘throwing shade’ \u2014 economists say Canadians will pay for it<\/a> <\/p>\n

This article provides information only and should not be construed as advice. It is provided without warranty of any kind. <\/p>\n","protected":false},"excerpt":{"rendered":"Prime Minister Mark Carney Prime Minister Mark Carney says the Trump administration is more interested in “doing memes”…\n","protected":false},"author":2,"featured_media":193102,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[336,45801,17,351,817,735,111,61,56800,60713,28,2878,60683],"class_list":["post-193101","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mark-carney","tag-336","tag-45801","tag-canada","tag-canadian","tag-canadians","tag-carney","tag-mark-carney","tag-ottawa","tag-september-8","tag-tombe","tag-trump","tag-u-s","tag-u-s-cabinet"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/193101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=193101"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/193101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/193102"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=193101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=193101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=193101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}