Carney vows "Canada will win" tariff war

March 10, 2025 07:43 AM PDT | By Investing
 Carney vows
Mark Carney has been selected as successor to Justin Trudeau as Canada's prime minister, beating three Liberal Party rivals in a landslide victory of 86% votes.
Immediately, Carney sought to address the ongoing tariff dispute between the U.S. and Canada, announcing that, "In trade, as in hockey, Canada will win."
Carney, former governor of the Bank of Canada, spent much of his acceptance speech lambasting U.S. President Donald Trump, criticizing his tariff policy and his hopes to annex Canada as the 51st state.
The prime minister-designate supported Canada's retaliatory tariffs on the U.S.' 25% tariff on Canadian Goods, stating, "My government will keep our tariffs on until the Americans show us respect."
The U.S. established the levies last Tuesday, but have since exempted goods complaint with the USMCA trade agreement. Canada's economy is significantly dependent on U.S. trade, with many speculating a recession if tariffs are fully implemented.
Carney reiterated the importance of U.S. trade to Canada, saying that Trump is "attacking Canadian, workers, families, and businesses."
The former banker is expected to be sworn-in soon, and will lead a minority government in parliament until the next general election against the Conservative Party, led by Pierre Poilievre.
Since the trade dispute began, the Liberals have made significant headway to narrow the gap between the two parties, with some polls showing them tied.

This article first appeared in Investing.com


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.


Sponsored Articles


Investing Ideas

Previous Next