Canada to Prevail in Trade Dispute with US, Says Next PM

Canada’s newly elected Liberal Party leader has committed to keeping tariffs on U.S. products in place until Americans “show respect.” Read Full Article at RT.com.

Canada to Prevail in Trade Dispute with US, Says Next PM
Mark Carney has asserted that his country is prepared for a confrontation “when someone else drops the gloves.”

Canada’s incoming Prime Minister, Mark Carney, has committed to fight and ultimately prevail in the trade war with the United States, emphasizing that retaliatory tariffs will remain enforced until “Americans show us respect.”

Tensions rose in February when US President Donald Trump announced 25% tariffs on goods from Canada and Mexico, as well as 10% duties on imports from China.

Although the measures were initially postponed for a month, they took effect last Tuesday, with automakers and products covered by the United States-Mexico-Canada Agreement receiving exemptions until April. In response, Ottawa implemented tariffs on $30 billion worth of American goods, with an additional $125 billion in duties planned for the coming month.

Carney has been elected as the leader of Canada’s Liberal Party, securing 85.9% of the vote, which positions him to become the nation's next Prime Minister. In his inaugural address on Sunday, he condemned Trump for imposing “unjustified tariffs” that he claimed were “attacking Canadian families” and accused him of trying to “undermine the Canadian way of life.”

“There’s someone who’s trying to weaken our economy. Donald Trump. Donald Trump has put unjustified tariffs on what we build, on what we sell, on how we earn a living,” Carney stated.

“The Canadian government is rightly retaliating with our own tariffs that will have maximum impact in the United States and minimum impact here in Canada. My government will keep our tariffs on until the Americans show us respect,” he continued.

In a veiled response to Trump’s suggestion that Canada should consider becoming the 51st US state, Carney asserted, “Canada never, ever will be part of America in any way, shape, or form.”

“We didn’t ask for this fight, but Canadians are always ready when someone else drops the gloves. So, Americans should make no mistake… In trade, as in hockey, Canada will win,” he remarked, while also cautioning that “this victory will not be easy.”

The ruling Liberal Party initiated a leadership election after Justin Trudeau resigned in January due to low approval ratings associated with inflation, a housing crisis, and economic difficulties. Carney triumphed over four candidates, including former Finance Minister Chrystia Freeland, positioning himself as the only candidate capable of navigating the crisis.

Before his foray into politics, he served as an economic advisor to Trudeau and was the Governor of both the Bank of Canada and the Bank of England. He is set to be sworn in as prime minister in the coming days.

On the other side, Trump has confirmed that the tariffs will begin on April 2, referring to the delay as “a little bit of a break.” Commerce Secretary Howard Lutnick announced on NBC’s Meet the Press that levies on steel and aluminum would commence Wednesday, followed by tariffs on Canadian dairy and lumber.

Lutnick indicated that the restrictions would remain until Trump feels “comfortable” with how Canada and Mexico are managing the flow of fentanyl into the US. White House economic adviser Kevin Hassett characterized the situation as “a drug war, not a trade war.”

Debra A Smith contributed to this report for TROIB News