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Canada's New PM Carney Vows to Keep US Tariffs Until Fair Trade

Coin WorldTuesday, Mar 11, 2025 1:28 pm ET
1min read

Canadian Prime Minister-Elect Mark Carney has declared that tariffs on the United States will remain in place until the U.S. demonstrates respect and commits to fair trade practices. This statement comes as Carney, a former central banker, prepares to take over from Justin Trudeau as the next Prime Minister of Canada. The election of Carney, who secured nearly 86% of the vote in the Liberal Party election, occurs amidst escalating tensions between Canada and the United States, with President Trump imposing significant tariffs and making contentious remarks about Canada's potential annexation.

Carney's resolute position against Trump has garnered widespread support from Canadians, who have expressed their disapproval of Trump's actions through various means, including boycotting American products and canceling visits to the U.S. In his victory speech, Carney emphasized Canada's sovereignty and his determination to resist Trump's aggressive trade policies. He made it clear that Canada would not back down from unfair tariffs and would continue to advocate for its interests in trade negotiations.

Carney's background as a central banker, having led both the Bank of Canada and the Bank of England, has provided him with a deep understanding of economic policy and financial crises. His experience in managing the global financial crisis and the Brexit referendum has prepared him to tackle the challenges posed by the current trade dispute with the U.S. Carney's academic credentials, including degrees from Harvard and oxford, further highlight his qualifications for the role of Prime Minister.

Carney's personal life is marked by his commitment to public service and his dedication to his family. He is married to Diana Fox Carney, a British economist, and they have four daughters. Carney's children have largely stayed out of the public eye, but his daughter Cleo introduced him onstage after his victory, underscoring his unwavering support for the things he cares about and his readiness to work hard for what matters.

Carney's election has sparked a resurgent nationalism in Canada, with many citizens rallying behind his leadership in the face of external threats. His defiant stance against Trump and his commitment to maintaining Canada's retaliatory tariffs have positioned him as a strong advocate for Canadian interests. As he prepares to take office, Carney's focus will be on navigating the complex trade negotiations with the U.S. and ensuring that Canada's interests are protected. His experience in public service and his deep understanding of economic policy will be invaluable

Comments

Post
GnosticSon
03/11
Carney's got the smarts, but can he handle Trump's tantrums? Trade wars are messy, let's hope he's got a plan.
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Buffet_fromTemu
03/11
@GnosticSon Trump's a wild card, Carney's got his work cut out.
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SISU-MO
03/11
@GnosticSon Sure, let's hope so too.
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stydolph
03/11
Holding some $AAPL, but hedging with Canadian divvy stocks. Gotta be ready for any geopolitical whiplash.
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Throwaway420_69____
03/11
Trump vs. Carney, battle of egos. Who'll blink first in this game of tariff chess? 🎯
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pregizex
03/11
@Throwaway420_69____ Tariff tango: two egos, one dance floor. Who trips first? 🕺
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ashish1512
03/11
Mark Carney's background in central banking is solid, but politics is a different game. Wishing him luck.
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Charming_Raccoon4361
03/11
With Carney at the helm, Canada might play hardball longer. Will $AAPL and friends feel the pinch? 🤔
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breakyourteethnow
03/11
Nationalism is surging in Canada. Are we seeing a shift in how nations prioritize self-interest over global harmony?
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WatchDog2001
03/11
@breakyourteethnow Nah, just politics.
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whatclimatecrisis
03/11
Canada standing strong against US aggression. Could this be the start of a broader trade realignment?
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SpirituallyAwareDev
03/11
Canada's new PM: not playing nice with Trump.
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Historyissuper
03/11
@SpirituallyAwareDev Ok bro
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confused-student1028
03/11
With tensions high, are we heading towards a global trade meltdown or a new era of protectionism?
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DanielBeuthner
03/11
Tariffs might sting, but $AAPL's still strong.
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ConstructionOk6948
03/11
Cleo introducing her dad onstage was pure gold. Family support is everything, even in politics. 💕
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McLovin-06_03_81
03/11
Carney's got the credentials, but leading a nation is different. Will his economic expertise translate to politics?
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Accomplished-Back640
03/11
As a trader, I'm watching Canada's moves closely. Diversifying portfolios, just in case things escalate further.
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acg7
03/11
Retaliatory tariffs might not hurt the loonie, but they sure aren't helping Canadian jobs. What's the endgame here?
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birdflustocks
03/11
@acg7 True, tariffs ain't job creators.
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mav101000
03/11
@acg7 Not sure, but maybe putting pressure on US?
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Lunaerus
03/11
Carney's background in central banking is solid. But will his economic prowess be enough to outmaneuver Trump? 🤔
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werewere223
03/11
@Lunaerus Yeah, good luck with that.
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