Published 6 hours ago • loading... • Updated 2 hours ago

Carney hopes trade war with US will make Canada stronger and more resilient

On Tuesday, Canadian Prime Minister Mark Carney told global investors in Toronto that Canada intends to emerge from the trade war with the United States as a more resilient, self-reliant economy, prioritizing long-term independence over rushing into a deal.
Trade negotiations between the two nations collapsed last month, leading Washington to impose 50% tariffs on about $20 billion in Canadian goods, which prompted retaliatory measures from Ottawa.
To bolster domestic competitiveness, Carney unveiled a "productivity mega deduction" tax break allowing businesses to write off more than 65% of investment, while announcing plans to seek private investment for operating Canada's four largest airports.
President Donald Trump's blunt "maybe they'll shoot you" remark regarding White House access highlights the diplomatic friction Carney faces, who emphasized that "nostalgia is not a strategy" for navigating volatile transactional relationships.
Despite current tensions, Carney noted about 80% of trade with the U.S. remains tariff-free; he departs for Europe later today to address the European Parliament, seeking to strengthen economic ties with like-minded partners.

Insights by Ground AI

22 Articles

Carney says Canada can wait for right conditions in Trump trade war, emerge stronger

PM Mark Carney suggested Canada cannot build its strategy around a return to the old relationship. “We know that nostalgia is not a strategy"

3 hours ago·Chennai, India

Read Full Article

Daily Sabah

Right

Canada to emerge from US trade war more independent: PM Carney

Canadian Prime Minister Mark Carney said Tuesday that Canada intends to emerge from its trade war with the United States with a stronger, more resilient and independent economy, si...

3 hours ago·Istanbul, Türkiye

Read Full Article

Boston Globe

Left

Carney says Canada can wait for the right conditions in Trump trade war and emerge stronger - The Boston Globe

The statement signaled that Canada is prepared to wait for the right conditions rather than rush into a deal with Washington.

4 hours ago·Boston, United States

Read Full Article

Tribune India

Lean Right

Mark Carney says Canada will emerge stronger from US trade war - The Tribune

Canadian Prime Minister Mark Carney stated that Canada aims to emerge from its trade war with the US as a stronger, self-reliant economy. Speaking in Toronto, he emphasised that Ottawa will bide its time for the right conditions before pursuing new trade agreements.

4 hours ago·Chandigarh, India

Read Full Article