Canadian Prime Minister Mark Carney says Trump’s auto tariffs mark a permanent shift in Canada’s relationship with the U.S.
Canadian Prime Minister Mark Carney has declared that the country's traditional relationship with the United States—rooted in economic integration and close security and military cooperation—is over.
Speaking in Ottawa following a cabinet meeting, Carney said Canadians must fundamentally reimagine the economy in response to U.S. President Donald Trump's tariffs.
Trump announced Wednesday that imported vehicles and vehicle parts would be hit with a 25% tax.
Carney said Canada would respond with retaliatory tariffs designed to have "maximum impact" on the U.S.
The planned 25% levy, set to take effect next week, poses a serious threat to Canada’s auto industry, which directly employs an estimated 125,000 people and supports nearly 500,000 more in related sectors.
Following Trump's announcement, Carney paused his campaign ahead of Canada’s April 28 election to return to Ottawa for a cabinet meeting focused on trade war strategy.
He called the auto tariffs "unjustified" and said they violate existing trade agreements between the two countries.
Carney also warned that Trump has permanently altered U.S.-Canada relations, and that, regardless of any future trade deals, there is no going back.
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Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
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