Advertisement
News

Canadian PM Contender Mark Carney Vows Stand Against Trump’s Tariffs

Advertisement

Mark Carney, the frontrunner to become Canada’s next prime minister, has vowed to stand firm against US President Donald Trump’s newly announced 25% tariffs on Canadian goods, stating, “We’re not going to back down.”

In an exclusive interview with BBC Newsnight, Carney, 59, said Canada would match the US tariffs “dollar for dollar” and warned that Trump’s actions would damage America’s global reputation, slow economic growth, and raise inflation.

“This is the second time in less than a decade that the US has ripped up a trade agreement with its closest ally,” said Carney, the former Bank of England governor.

Outgoing Prime Minister Justin Trudeau has also promised a “forceful and immediate” response to the tariffs, which take effect on February 18. While Trump reduced tariffs on Canadian oil to 10%, he also imposed a 25% tariff on Mexican imports and 10% on Chinese goods, hinting at future levies on the European Union.

Carney is leading the race to replace Trudeau as head of the Liberal Party, with the leadership contest set to conclude on March 9. Canada must hold a federal election by October 20, with the Liberals currently trailing their Conservative rivals in the polls.

Advertisement
Mehboob Ali Shaikh

Mehboob Ali Sheikh, Bureau Chief of Canada's leading news channel, is a seasoned and experienced journalist whose expertise shines in business reports and current affairs programs. Mehboob Ali Sheikh is affiliated with Canada's renowned news and current affairs channel, Toronto 360. During his tenure in Canada, Ali Sheikh has interviewed some of the most significant political and business figures in Canada. He has been honored with accolades for his exemplary reporting by the Toronto Mayor's office.

Recent Posts

BYD Reports Record-Breaking Revenue of RMB 777.1 billion in 2024

BYD released its 2024 financial report, with key indicators reaching record highs! The company achieved…

1 week ago

Eid in Dubai: All You Need to Know

Eid in Dubai is a time of joy, celebration, and togetherness, bringing a unique blend…

1 week ago

Bangladesh Deputy High Commission in Karachi Observes its National Day, Promotes Bilateral Ties

Bangladesh and Pakistan have been working for wider and stronger bilateral ties between the countries.…

1 week ago

Bank Alfalah introduces Pakistan’s First E-Commerce Shopping Platform AlfaMall on WhatsApp

Bank Alfalah, one of Pakistan’s leading commercial banks, has introduced AlfaMall on WhatsApp, bringing a…

1 week ago

K-Electric Reports Strong Industrial Uptake of Winter Demand Initiative

K-Electric (KE) has witnessed a positive industrial response to the Prime Minister’s Winter Demand Initiative,…

1 week ago

Karachi: Couple Killed in Tragic Hit-and-Run on Karsaz Road

Karachi witnessed yet another devastating road accident as a speeding car struck a motorcycle on…

1 week ago