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Carney Stuns Trump LIVE: Drops Bombshell On Canada's Way Forward | Economy News | US Tariffs
Posted
April 6, 2025
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11:54:59Now PlayingWatch LIVE as Canadian Prime Minister Mark Carney delivers a major policy address in Toronto on Canada's economic future following Trump's "Liberation Day" tariffs. Carney has declared that the "old relationship" with the United States is "over," calling Trump's actions "unjustified, unwarranted, and misguided." Canada has imposed 25% tariffs on U.S.-made vehicles not compliant with USMCA, with Carney pledging to allocate $5 billion from tariff revenue to assist affected workers and businesses. The impact is already being felt as Stellantis has idled its Windsor plant for two weeks. Carney is pushing for Canada to pivot toward "reliable" trading partners including Australia, UK, Mexico, and European nations. Economists warn that despite avoiding additional reciprocal tariffs, Canada is still likely heading for recession in Q2 2025 as global trade disruptions impact commodity prices and exports.
#CanadaUSTariffs #TradeWar #MarkCarney #TrumpTariffs #CanadianEconomy #globaltrade
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