In a noteworthy statement during a visit to an Ontario steel plant, Canada's PM-designate Mark Carney expressed his willingness to engage in trade negotiations with U.S. President Donald Trump, provided there is respect for Canadian sovereignty. This offer comes in the wake of new reciprocal tariffs imposed by Canada totaling C$29.8 billion ($20.7 billion) in response to Trump's recent tariffs on steel and aluminum.
Mark Carney Open to Trade Talks with Trump under Sovereignty Respect
Mark Carney Open to Trade Talks with Trump under Sovereignty Respect
Canada's Prime Minister-designate emphasizes sovereignty amid escalating trade tensions with the U.S.
Carney condemned the U.S. tariffs as "unjustified" and underscored the importance of renewing and enhancing the strong economic partnership between the two nations, which has been strained since Trump took office in January. The tariff measures from the U.S., justified under the premise of national security, have led to heightened tensions and economic instability for both countries. Canada's response includes substantial tariffs on a range of U.S. goods, further escalating the trade conflict.
As Carney prepares to formally take office, he remains focused on addressing the trade war, while economic indicators suggest potential challenges ahead, including a recent interest rate cut from the Bank of Canada. Meanwhile, federal and provincial representatives are set to engage in discussions to seek a resolution to the ongoing trade disputes with the U.S.
As Carney prepares to formally take office, he remains focused on addressing the trade war, while economic indicators suggest potential challenges ahead, including a recent interest rate cut from the Bank of Canada. Meanwhile, federal and provincial representatives are set to engage in discussions to seek a resolution to the ongoing trade disputes with the U.S.
