TORONTO (AP) — Canadian Prime Minister Mark Carney announced Wednesday new supports for the steel and lumber industries hit hard by U.S. tariffs.

U.S. President Donald Trump has imposed 50% tariffs on steel and softwood lumber, long subject to U.S. tariffs, is currently taxed at 45% after the Trump administration’s hike last month.

Carney said the decades-long process of an ever-closer economic relationship between Canada and the United States is now over.

"As a consequence, many of our strengths have become vulnerabilities. Last year, more than 75% of our exports went to the United States. 90% of our lumber exports, 90% of our aluminum exports, and 90% of our steel exports, all bound for a single market,” Carney said.

“We must protect our workers and industries who are most exposed

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