Canada, Deal and Carney
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Trump wrote to Carney to inform him that, from August 1, Canada will face a 35 percent import tariff after the two sides failed to reach a deal during the recent pause. The American leader said he would consider revising the 35 percent tariff "if Canada works with me to stop the flow of Fentanyl".
Israeli Prime Minister Benjamin Netanyahu condemned it as a “reward for terror,” while U.S. Secretary of State Marco Rubio called it a “reckless decision” and “a slap in the face” to the victims of Hamas’ Oct. 7 attacks.
When millions of Canadians returned a Liberal Party government — led by Mark Carney — earlier this year, they were attempting to manage two concerns: threats to the country’s sovereignty from Donald Trump and the United States,
President Sheinbaum and Canada PM Carney have agreed to strengthen Mexico-Canada trade relations in light of US tariff threats.
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Investigative Journalism Foundation on MSNMark Carney has investments in 567 organizations. Only three are CanadianPrime Minister Mark Carney’s investment portfolio includes three Canadian firms out of 567 entities, according to an analysis conducted by the Investigative Journalism Foundation.
Bloomberg on MSN15d
Trump’s 35% tariff bulldozer on Canada tests Carney’s strategy of avoiding conflictThe letter reiterated Trump’s complaints about dairy quotas, fentanyl and the U.S. trade deficit, which is mostly fueled by American refineries’ thirst for Canadian oil. His social media post caused the Canadian dollar to immediately tumble, indicating the market wasn’t expecting this escalation.
But Canada's new prime minister, Mark Carney, is beginning to face questions over whether he is able to stand up to Trump and secure the fair deal for Canada he promised. Carney won April's general election vowing to keep his "elbows up" in the face of US ...
It's easy to move fast if you're not worried about breaking things. The greater challenge is moving fast while fixing, improving and building things.