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Canadian PM says Trump will want trade talks as Americans suffer from trade war

GenevaTimes by GenevaTimes
March 22, 2025
in Business
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Canadian PM says Trump will want trade talks as Americans suffer from trade war
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Canadian Prime Minister Mark Carney has said that US President Donald Trump will ultimately respect Canada‘s sovereignty and be ready for comprehensive trade talks because Americans are going to suffer from Trump’s trade war.

Carney said talks with Trump will not happen “until we get the respect we deserve as a sovereign nation. By the way, this is not a high bar.” Trump kept up his near-daily attacks on Canada on Friday, repeating that the country should be the 51st state and that the US keeps Canada “afloat.” “When I say they should be a state, I mean that,” the American president said.

Carney met with Canada’s provincial leaders at the Canadian War Museum in Ottawa, where he announced relief packages for workers and businesses hurt by the trade war and announced moves to expedite resource projects.

  • Read also: Trump revokes security clearances for Kamala Harris, Hillary Clinton

Carney, sworn in last Friday, still hasn’t had a phone call with Trump. Trump mocked Carney’s predecessor, Justin Trudeau, by calling him Governor Trudeau, but he has not yet mentioned Carney’s name.

The new prime minister said he wants a comprehensive discussion on trade and security with the Americans and not a one-off tariff discussion.

“In the end, Americans are going to lose from American trade action and that’s one of the reasons I am confident that there will be that discussion with the appropriate amount of respect and the breadth,” Carney said. “I am ready for it anytime they are ready.” Trump put 25 per cent tariffs on Canada’s steel and aluminium and is threatening sweeping tariffs on all Canadian products as well as all of America’s trading partners on April 2.

Carney became Prime Minister after winning a Liberal Party leadership race triggered by Trudeau’s decision to step down earlier this year. He’s expected to trigger the process for early parliamentary elections this Sunday, with a vote expected before April 28.

The governing Liberals appeared poised for a historic election defeat this year until Trump declared a trade war and upended Canadian politics.

  • Read also: New Canadian Prime Minister Mark Carney seeks alliances in Europe as he deals with Trump

The almost daily attacks on Canada’s sovereignty have infuriated Canadians, who are cancelling trips south of the border and avoiding buying American goods when they can. The surge in Canadian nationalism has bolstered Liberal poll numbers.

Carney said the premiers of Canada’s provinces had agreed to work on a plan to develop a national trade and energy corridor in an effort to diversify trade.

He said that could mean an oil pipeline from oil-rich Alberta to Eastern Canada. Quebec has previously opposed a pipeline, but Premier François Legault now says opinions are changing because of Trump’s threats. Carney said Quebec uses about 3,50,000 barrels of oil daily and 70 per cent of that comes from the US.

“That is not a good idea for us at all. So, there is an opportunity to put a pipeline there but we need social acceptance. We need a partnership with indigenous people as well,” Carney said.

He said the federal government would speed up projects by recognising provincial assessments. Canadian leaders also talked about moving quickly to eliminate trade barriers between provinces and with the federal government.

Carney also said Ottawa is also going to waive the one-week waiting period to get employment insurance for people whose jobs are cut because of the tariffs, and temporarily allow Canadian businesses to defer income tax and sales tax payments to help boost their liquidity.

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Published on March 22, 2025



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