Carney says Canada will fight back as Trump takes trade war to the world

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Just earlier announcing his latest circular of tariffs this afternoon, Trump said helium saw contiguous arsenic "one of the astir important days" successful American history.

"It's our declaration of economical independence," helium said from the Rose Garden astatine the White House, earlier imposing sweeping tariffs connected astir each import going into the United States.

Independence, here, could besides beryllium replaced by isolation. The caller tariffs volition beryllium a important deed to the planetary economy, with a 10 per cent tariff connected dozens of countries and adjacent higher rates for trading partners similar China and Europe.

As we've elaborate here, Canada and Mexico escaped those "reciprocal" tariffs contiguous connected relationship of CUSMA, the escaped commercialized agreement. But steeper tariffs and a breached confederation remain.

We're wrapping up our sum connected this page, but present are immoderate links if you're looking for much accusation connected a peculiar topic:

• Canada was spared the worst contiguous arsenic Trump tries to reshape the American economy.
• Stocks roseate conscionable earlier closing up of Trump’s announcement, aft what turned retired to beryllium a shaky time successful the markets.
• Your astir communal commercialized warfare questions, answered successful 1 place.

See you tomorrow.

If anything’s wide for Canadian businesses, it’s that uncertainty inactive reigns

Senior concern newsman Peter Armstrong here. Canada surely had a amended time than galore had been expecting. But the roadworthy up remains afloat of threats, tariffs and the ongoing uncertainty that has been portion and parcel of the Trump administration.

The biggest question for Canada inactive revolves astir what Trump truly wants. On the 1 hand, helium says helium wants to upend 70 years of planetary trade. On the different hand, he’s handing retired carve outs and exemptions.

He can’t person it some ways forever. If Trump truly wants to alteration the planetary trading system, past Canada has simply kicked the occupation down the roadworthy and volition yet person to woody with that re-ordering.

If this is each portion of a bigger program to negociate with countries, past Canada whitethorn person dodged the worst of it. But the uncertainty remains and that’s wherefore Canadian businesses and policymakers stay tense astir the roadworthy ahead.

4 Republican senators ballot against tariffs connected Canadian goods

The U.S. Senate solution calling to artifact wide tariffs connected Canadian products narrowly passed this evening astatine 51-48.

Led by Democratic Sen. Tim Kaine of Virginia, it called for an extremity to the nationalist exigency the president utilized to warrant the tariffs.

The ballot required astatine slightest 4 Senate Republicans to enactment it. The 4 Republicans who had indicated they would ballot successful favour did so, contempt Trump taking purpose astatine them successful a station connected Truth Social aboriginal this morning.

They are Susan Collins of Maine, Rand Paul and Mitch McConnell of Kentucky and Lisa Murkowski of Alaska.

The authorities is mostly symbolic due to the fact that it’s improbable to marque it done the Republican-controlled House of Representatives.

Canada’s car assemblage taking the biggest hit

Canada's biggest victims today? The car sector, followed by alloy and aluminum and an assortment of different goods.

But the harsh world is that Canada's largest manufactured product, autos, inactive faces a hodgepodge of tariffs: 25 per cent connected afloat assembled vehicles and immoderate parts, portion different parts look none.

One Canada-U.S. commercialized advisor said Canada fared amended than astir countries today. But it's acold comfortableness for definite sectors.

“Autos is going to beryllium massively impactful for Canada," said Eric Miller, the Canadian-born caput of the Rideau Potomac consultancy successful Washington.

"That's a immense magnitude of symptom for Canada. And you volition spot a immense magnitude of restructuring and realignment successful the North American car sector.”

One manufacture subordinate enactment it adjacent much bluntly, successful a societal media post, predicting an manufacture standstill wrong days, and not conscionable successful Canada.

“The. Auto. Tariff. Package. Will. Shut. Down. The. Auto. Sector. In. The. USA. And. In. Canada," Flavio Volpe, caput of Canada's auto-parts lobby, successful a station connected X.

“Don’t beryllium distracted. 25% tariffs are 4 times the 6/7% nett margins of each the companies. Math, not art.”

Other Canadian sectors facing ample tariffs are steel, aluminum, vigor products and thing not traded nether the rules of CUSMA.

Estimates scope for however galore goods that covers. But it appears much than fractional of Canada's exports to the U.S. whitethorn present look tariffs.

B.C. pushing up with tariff response

The curate starring B.C.'s tariff response, Ravi Kahlon, said the provincial authorities isn’t letting its defender down conscionable yet, contempt escaping today’s reciprocal tariffs.

“The situation we person is that this continues to alteration hr by hour, time by time and thing tin inactive happen,” Kahlon said contiguous of Trump’s tariff policies.

B.C.’s authorities is going up with its tariff effect bill, which is an effort to interruption down interprovincial commercialized barriers and alteration the state to complaint U.S. trucks driving done the province.

B.C. Premier David Eby has said the state needs each the tools it tin get to combat the American threat, which helium said is designed to “force america into economical servitude to the U.S.”

Bloc Québécois Leader Yves-François Blanchet said Trump’s announcement contiguous appears to support the presumption quo for Canada.

"It seems we person a accidental of being capable to implicit our predetermination run without much American interference," Blanchet told reporters extracurricular the Bloc run autobus successful Quebec City.

Blanchet's enactment has mislaid a important magnitude of crushed successful Quebec successful favour of the Liberals successful the aftermath of Trump's tariff threats, according to CBC's Poll Tracker.

Poilievre calls car tariffs ‘unfair attack’ connected Canadian economy

Conservative Leader Pierre Poilievre is speaking astatine a rally successful Kingston, Ont., wherever helium concisely addressed Trump’s car tariffs earlier continuing with his stump speech. He called them “an unfair onslaught connected our economy.”

“Trump is going aft our autoworkers. For decades, workers connected some sides of the borderline locked arms to physique the top car assemblage successful the world. The president is betraying America’s closest person and attacking our economy,” helium told the crowd.

Poilievre said if helium wins the predetermination helium would enactment to get a woody that instantly removes the tariffs. Earlier successful the day, helium laid retired his program to respond to Trump.

Alberta’s premier suggests the tariff quality is ‘behind us.’ Carney warns much symptom could beryllium coming

Shortly earlier Carney stopped to talk to reporters connected Parliament Hill tonight, Alberta Premier Danielle Smith posted a connection to societal media successful which she said "it appears the worst of this tariff quality is down us."

But successful lawsuit anyone was successful a temper to celebrate, oregon simply respire a suspiration of relief, the premier curate offered a fewer important notes of caution.

"President Trump has conscionable announced a bid of measures that are going to fundamentally alteration the planetary trading system," Carney said.

And arsenic Carney noted, antecedently announced tariffs connected Canadian goods — including automobiles, alloy and aluminum — volition stay successful place. Additional tariffs, helium warned, whitethorn yet beryllium applied to pharmaceuticals, lumber and semiconductors.

"We're successful a concern wherever determination is going to beryllium an interaction connected the U.S. system which volition physique with time," helium said. "The bid of measures volition straight impact millions of Canadians."

While repeating his committedness to combat the tariffs and support workers, Carney besides utilized the connection "crisis" to picture the situation.

In different words, the lone bully quality is that things could person been worse. There is inactive a agelong mode to go. And supra and beyond commercialized betwixt Canada and the United States, the ramifications of Trump's tariffs are lone opening to reverberate.

Ford hoping 25% tariff connected foreign-made cars 'not written successful stone'

Ontario Premier Doug Ford has been successful regular interaction with elder U.S. commercialized officials. He’d been told that cars imported from Canada would lone beryllium taxed connected their Canadian-made parts.

"We did person a speech with the CEOs," Ford said, referring to automobile manufacturing companies. "I judge and anticipation this isn't written successful stone. I judge it's going to beryllium a batch little than 25 per cent and that's what I judge from our conversation."

Canada's car assemblage is concentrated successful Ontario, peculiarly Windsor, which has been dubbed the "automotive superior of Canada."

N.B. premier says she’s keeping countermeasures successful place

Good evening, I’m a newsman successful our Fredericton bureau.

New Brunswick Premier Susan Holt is 1 of the archetypal Canadian leaders to talk out, conscionable 2 hours aft Trump announced his sweeping tariffs connected overmuch of the world.

While Canada was spared the worst, “that uncertainty doesn’t spell away,” Holt said successful a sombre tone.

She called contiguous a continuation of the presumption quo of “unnecessary accent and symptom for some of our countries.”

In a state wherever implicit 90 per cent of exports spell to the U.S., Holt said the province’s program to financially enactment industries impacted present and boycott U.S. concern volition continue.

The provincial authorities has stopped purchasing U.S. goods and American liquor is disconnected the shelves. About 10 Teslas that the state owns are “sitting successful a parking lot” portion the state looks into selling them, she added.

While steel, aluminum and car manufacturing are not New Brunswick’s main industries, the state volition inactive look pain, Holt said.

“You don't dainty your neighbours similar this.”