EconomyLens.com
No Result
View All Result
Thursday, October 8, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Carney touts Canada ‘pivot’ away from US as Trump levels new threat

Emma Reilly by Emma Reilly
September 8, 2026
in Economy
Reading Time: 7 mins read
A A
0
31
SHARES
388
VIEWS
Share on FacebookShare on Twitter

US President Donald Trump and Canadian Prime Minister Mark Carney are locked in a trade war. ©AFP

Montreal (Canada) (AFP) – Canadian Prime Minister Mark Carney said Tuesday that reducing economic ties with the United States would come at a cost but the benefits were clear, as President Donald Trump threatened new penalties targeting Canada. Canada’s retaliatory tariffs came into effect earlier Tuesday, applying to $27.6 billion (US$20 billion) in US imports, covering steel and aluminum products as well as dairy goods such as cheese.

Related

More than just football: How scandal-tainted City led Manchester’s rebirth

Nigeria looks to ease fuel prices as election looms

Saudi kindergarten hit by debris as Houthis say Riyadh airport targeted

EU okay for winter despite ‘historically low’ gas stocks: operators

France struggles to wean social housing off gas

With the trade war between the North American neighbors heating up, Carney said Canada has “everything we need to pivot and prosper.” “That pivot will come at a cost. There’s always a cost to action. But it doesn’t come close to the cost of standing still.” Ottawa’s pushback comes after President Donald Trump imposed tariffs on a similar value of Canadian products over what Washington deemed “discriminatory treatment” of US alcohol, automobile, and dairy industries.

Responding to the latest Canadian levies, Trump pledged to restrict Canadian companies from securing US government contracts. In a social media post, Trump said he was directing officials “to REMOVE Canadian-origin products from GSA’s Multiple Award Schedules,” referring to a General Services Administration program for long-term contracts. Contracts through such schedules account for more than $50 billion a year, Trump added.

On Monday, Trump threatened to try to block sales of Canada’s Bombardier Aviation unless the Quebec-based plane maker moves manufacturing to the United States. In response, the aerospace company pointed to its creation of tens of thousands of jobs across the United States, with direct employment in more than 20 states, including Kansas, Texas, Arizona, and California. The two Republican senators representing Kansas said they had conveyed their concerns to the White House.

“I’m going to fight to keep Bombardier’s more than 1,200 Kansas jobs. I’ve already taken that concern inside the Oval Office,” Senator Roger Marshall posted on X, with similar comments posted by Senator Jerry Moran. US tariffs pose a modestly negative risk to Canada’s overall economy, but analysts note that they have a sharper impact on central Canada’s manufacturing sector. Trade lawyer Ryan Majerus said Trump’s latest move restricting Canadian access to US government contracts “definitely has teeth to it” and could widen the scope of affected goods beyond those hit by tariffs.

“I don’t believe in escalating the conflict. That’s not constructive,” Carney said in his video statement Tuesday. “But our tariffs are necessary to protect our workers, protect our companies, and protect our communities. This is about who we are as Canadians.” Negotiations between the two sides broke down on August 21 after days of meetings in Washington. At the time, Carney said US negotiators had introduced restrictions on Canadian trade deals with other countries at the eleventh hour. US officials also made unacceptable “threats” to the French language and “Quebec culture,” he added, referring to the French-speaking province in eastern Canada.

Ottawa and Washington have not resumed talks since, and Trump has continued his attacks. On Sunday, Trump posted an illustration of himself towering over Carney as they played ice hockey, with Trump saying, “Get up, governor,” a reference to his determination to turn Canada into another US state. Trump also signed an order in August to rename Lake Ontario, on the border with Canada, as “Lake America,” sparking fury in Canada amid a broader wave of patriotism triggered by the US president’s hostility.

Although Carney is backed by Canadian public opinion, his country remains reliant on its neighbor. Nearly 60 percent of Canada’s imports come from the United States, and about 70 percent of its exports go to the US market. To help businesses and workers, Canada’s government has unveiled an aid package worth $7.5 billion ($5.4 billion).

© 2024 AFP

Tags: Canadatariffstrade
Share12Tweet8Share2Pin3Send
Previous Post

Argentina launches legal action against oil firms for Falklands drilling

Next Post

OpenAI says AI solved one of math’s hardest problems in days

Emma Reilly

Emma Reilly

Related Posts

Economy

Germany lifts GDP forecast as economy withstands Iran war

October 8, 2026
Economy

Taiwan says exports hit record in September on AI demand

October 8, 2026
Economy

EU trade chief seeks to dial down China tensions

October 8, 2026
Economy

Kyiv ‘cannot agree’ to EU membership limiting food exports: minister

October 7, 2026
Economy

Shell refining margins reach record highs as wars hit supply

October 7, 2026
Economy

Indian central bank hikes rates for first time since 2023

October 7, 2026
Next Post

OpenAI says AI solved one of math's hardest problems in days

Nearly 1,100 flights cancelled after UK air traffic control glitch

Rein in social media not children, say over 130 groups, experts

LIV Golf files for bankruptcy protection

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

104

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Asian stocks mixed amid AI concerns, oil dips after surge

October 8, 2026

More than just football: How scandal-tainted City led Manchester’s rebirth

October 8, 2026

Fuel, fertilizer costs strain US farmers’ support for Republicans in midterms

October 8, 2026

Trump’s ‘super intelligence’ rebrand to sell AI faces uphill battle

October 8, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Your Privacy Choices

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2026 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.