U.S. President Donald Trump says he will slap a 25 per cent tariff on medium and heavy-duty truck imports, an announcement that comes just a day before he meets with Prime Minister Mark Carney.
Trump made the announcement in a post on his social media platform Truth Social saying the new tariff rate will begin Nov. 1.
Picture Courtesy: AP Photo/Mark Schiefelbein
Moments before the new Liberal leader was announced on Sunday, former prime minister Jean Chrétien took to the stage to reprimand U.S. President Donald Trump over tariffs and threats to Canada's sovereignty. Chrétien warned a crowd of Liberals gathered in Ottawa that Canada’s “long and fruitful” relationship with Americans was falling apart with continued hostility coming from the Trump administration.
Canada remains in the crosshairs of U.S. President Donald Trump's enormous tariff agenda, with steel and aluminum duties set to come into force on Wednesday. U.S. Commerce Secretary Howard Lutnick said Sunday that Trump will follow through on his threat to impose 25 per cent tariffs on steel and aluminum imports into the U.S.
Liberal MPs are gathering on Parliament Hill this afternoon to huddle after the party chose former Bank of Canada governor Mark Carney as its new leader. Carney is heading into a day full of briefings and in the coming days will need to be sworn in as prime minister, choose his cabinet and sort out his party's battle plans for the coming federal election — but the exact timeline for all these things remains unclear.
The Bank of Canada's interest rate announcement arrives on Wednesday in a cloud of uncertainty thanks to a shifting trade war with the United States. Most economists expect the central bank will deliver another quarter-point rate cut while it waits to see how long the dispute with Canada's largest trading partner lasts.
Dallas Brodie was dumped by Rustad on Friday, the day after a showdown in the Conservative caucus room in which Rustad said Brodie challenged colleagues to fire her and asked for a vote on her removal before walking out.
British Columbia Premier David Eby says the province has no plan to follow Ontario and levy a 25 per cent surcharge on electricity exports to the United States. Eby says imposing such a fee "is not currently a priority," with efforts focused on new legislation in coming days that would give the province the ability to impose fees on U.S. commercial trucks travelling to Alaska via B.C.