Canada will retaliate if US imposes tariffs, says Carney
Canada will retaliate if the U.S. imposes tariffs, Prime Minister Mark Carney warned on Tuesday.
Canada's government faces uncertainty as Finance Minister Chrystia Freeland resigns, leaving the country vulnerable to looming U.S. tariffs under President-elect Donald Trump.
Canada’s government is facing political turmoil after Finance Minister Chrystia Freeland abruptly resigned on Monday, leaving Prime Minister Justin Trudeau’s administration adrift just weeks before the inauguration of a U.S. administration that has threatened severe tariffs on Canadian exports.
Freeland stepped down after Trudeau offered her a lesser role in cabinet, citing disagreements over the prime minister's push for increased spending. She warned that excessive spending could weaken Canada’s ability to withstand the economic fallout from potential tariffs imposed by U.S. President-elect Donald Trump.
As the head of a special cabinet committee on Canada-U.S. relations, Freeland had been instrumental in coordinating with Canada’s 10 provinces to prepare a unified response to Trump’s trade policies.
Her departure came as a shock, particularly to Alberta Premier Danielle Smith, who criticized the government for leaving provincial leaders blindsided. Smith revealed that premiers learned of Freeland’s resignation halfway through a critical meeting about Canada-U.S. relations.
The resignation has further deepened internal divisions within Trudeau’s ruling Liberal Party. Disgruntled legislators, some of whom have been urging Trudeau to resign for months, gathered in Ottawa to express their frustration over the party’s declining popularity.
With national elections due no later than October 2025, the Liberals are trailing in the polls, putting Trudeau under increasing pressure to step aside.
Freeland’s departure comes at a precarious time for Canada’s economy. During Trump’s first presidency in 2017, he threatened to dismantle the North American Free Trade Agreement (NAFTA), a move that could have devastated Canada’s U.S.-dependent economy.
Freeland, then foreign minister, played a pivotal role in renegotiating the deal, helping to secure the United States-Mexico-Canada Agreement (USMCA).
With Trump poised to return to power and hinting at renewed tariffs, Canada now finds itself without one of its most experienced negotiators at a crucial moment. Trudeau's government faces mounting pressure to stabilize the leadership vacuum and reassure Canadians that the country is prepared to navigate the economic and political challenges ahead.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
U.S. President Donald Trump’s inner circle is advising him against speaking with Russian President Vladimir Putin unless Russia commits to a full ceasefire in Ukraine, NBC News reported on Thursday, citing administration officials.
Kirill Dmitriev, Russian President Vladimir Putin’s investment envoy, is visiting Washington this week for talks with members of the Trump administration, sparking fresh speculation over behind-the-scenes diplomacy between Moscow and Washington.
A Russian drone strike hit residential buildings in Kharkiv late on Thursday, killing at least two people and injuring 32 others, Ukrainian officials said, as nightly attacks on the country's cities continue to mount.
In Sydney’s Bennelong, where Chinese Australians make up a large share of the electorate, the fight for votes is playing out on unexpected turf: Xiaohongshu.
The United States is relapsing into an old identity. In 2025, President Donald Trump revived the strategy that once defined the American economy — tariffs. For more than a century, from 1789 to 1913, tariffs powered U.S. government revenues and protected domestic industry.
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