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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Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
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