Canadian trade policy

Carney Defies Trump’s Tariffs, Bolsters Liberal Support

Donald Trump’s imposition of 25% tariffs on Canadian and Mexican goods has sparked a potential trade war, with Canada vowing retaliation and Mexico preparing a measured response. China, also facing tariffs, has expressed opposition, highlighting the potential for global economic repercussions. While the US has threatened further tariffs against the European Union, a senior Trump advisor suggested a trade agreement with the UK is a priority, possibly due to a more balanced trade history. Concerns of global recession and inflation, voiced by the IMF and JP Morgan, have been dismissed by the Trump advisor.

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