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PM-designate Carney demands respect from U.S. as Trump doubles tariffs

Darpan News Desk The Canadian Press, 11 Mar, 2025 11:02 AM
  • PM-designate Carney demands respect from U.S. as Trump doubles tariffs

Prime minister-designate Mark Carney says he will keep Canadian retaliatory tariffs in place until "Americans show us respect" and commit to free trade again.

Carney is reacting after U.S. President Donald Trump moved today to double tariffs coming into effect Wednesday on Canadian steel and aluminum to 50 per cent.

Trump's latest tariff escalation came as he blasted Ontario Premier Doug Ford for imposing a 25 per cent surcharge on electricity exported from the province to Michigan, Minnesota and New York.

Carney calls the move an attack on Canadian workers and businesses.

Carney met Monday with the Liberal caucus and outgoing Prime Minister Justin Trudeau, a day after he won a landslide victory in the Liberal leadership contest.

He is expected to be sworn in as prime minister before the end of the week.

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Calgary's restrictions on sprinkler and water hose use to remain until further notice

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Calgary's restrictions on sprinkler and water hose use to remain until further notice

Sandeep Singh Cheema dies in head on semi trailer collision

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Sandeep Singh Cheema dies in head on semi trailer collision

Wildfire continues to rage in Ashcroft

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Wildfire continues to rage in Ashcroft

Body found in water: VPD

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Body found in water: VPD

Homicide in Maple Ridge

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Interest rate cut possible this week: Economists

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Economists and market watchers are betting the Bank of Canada will deliver another interest rate cut this week amid mounting evidence that inflation is sustainably easing. Expectations that the bank will lower its overnight lending rate when it makes its scheduled announcement Wednesday have been high since last week's release of the latest Statistics Canada inflation report, which showed annual inflation cooled to 2.7 per cent in June.

Interest rate cut possible this week: Economists