{"id":229224,"date":"2025-02-01T02:56:48","date_gmt":"2025-02-01T02:56:48","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/01\/canada-will-stand-up-to-a-bully-says-mark-carney\/"},"modified":"2025-02-01T02:56:48","modified_gmt":"2025-02-01T02:56:48","slug":"canada-will-stand-up-to-a-bully-says-mark-carney","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/01\/canada-will-stand-up-to-a-bully-says-mark-carney\/","title":{"rendered":"Canada ‘will stand up to a bully’, says Mark Carney"},"content":{"rendered":"
\"Canada<\/div>


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Mark Carney, the frontrunner to be the next Canadian prime minister, has said his country is “going to stand up to a bully” after US President Donald Trump announced tariffs of 25% on Canada.<\/p>\n

Speaking exclusively to BBC Newsnight<\/a>, 59-year-old Carney said Canada will “match dollar for dollar the US tariffs”. <\/p>\n

As well as levying a 25% tariff on Canadian imports on Saturday, the White House has announced tariffs of 25% on Mexico and 10% on China.<\/p>\n

Carney, who announced his run for leader<\/a> of Canada’s governing Liberal Party in January, is the former governor of the Bank of Canada and the Bank of England.<\/p>\n<\/div>\n

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He is currently one of five candidates in the running to succeed Prime Minister Justin Trudeau – and has so far secured the largest support base among Liberal MPs<\/a>. <\/p>\n

The leadership race will conclude on 9 March. <\/p>\n

The winner will replace Trudeau – who announced his intention to resign in January after nine years in office – both as prime minister and party leader. <\/p>\n

Canada is then required to hold a federal election to elect a new government on or before 20 October, with the Liberal party currently trailing their Conservative rivals in the polls. <\/p>\n

In response to the tariff announcement, Carney told Newsnight that “President Trump probably thinks Canada will cave in”.<\/p>\n

“But we are going to stand up to a bully, we’re not going to back down,” he said.<\/p>\n

“We’re united and we will retaliate.” <\/p>\n

The former Bank of England governor said the tariffs are “going to damage the US’s reputation around the world”. <\/p>\n

“They’re going to hit growth. They’re going to move up inflation. They’re going to raise interest rates,” he said. <\/p>\n

He added that it’s the “second time” in less than a decade that the US has “in effect, ripped up a trade agreement with its closest trading partner”.<\/p>\n

In 2020, towards the end of Donald Trump’s first term, the US-Mexico-Canada Agreement (UCMCA) came into effect<\/a> – effectively an update to Nafta, the agreement between the three countries which had been in place since the 1990s. <\/p>\n

Economists have suggested the newly imposed tariffs could have a devastating immediate impact on Canada’s economy – while also leading to higher prices for Americans.<\/p>\n

Tariffs are a central part of Trump’s economic vision. He sees them as a way of growing the US economy, protecting jobs and raising tax revenue.<\/p>\n

Outgoing Prime Minister Trudeau has said Canada’s response will be “forceful” and “immediate” to the new tariffs.<\/p>\n

Trump said on Friday that Canadian oil would be hit with lower tariffs of 10%, which would take effect later, on 18 February.<\/p>\n

The president also said he planned to impose tariffs on the European Union in the future, saying the bloc had not treated the US well.<\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mark Carney, the frontrunner to be the next Canadian prime minister, has said his country is “going to stand up to a bully” after US President Donald Trump announced tariffs of 25% on Canada. Speaking exclusively to BBC Newsnight, 59-year-old Carney said Canada will “match dollar for dollar the US tariffs”. As well as levying […]<\/p>\n","protected":false},"author":2,"featured_media":229225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/22c7\/live\/4b1e7560-e044-11ef-bd1b-d536627785f2.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[16479,740,78588,73,1172],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/229224"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=229224"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/229224\/revisions"}],"predecessor-version":[{"id":229226,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/229224\/revisions\/229226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/229225"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=229224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=229224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=229224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}