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

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Tuesday, Mar 11, 2025 1:28 pm ET1min read
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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 OxfordOXM--, further highlight his qualifications for the role of Prime Minister.

Carney's personal life is marked by his commitment to public servicePEG-- 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 eyeEYE--, 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

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