Canada Is Removing Many Retaliatory Tariffs on US
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Canadian Prime Minister Mark Carney has received both criticism and praise on social media after announcing on Monday that he is dropping retaliatory tariffs introduced on U.S. goods that are covered under the Canada-United States-Mexico trade agreement (CUSMA).
The move represents an about-face for Canada, which had been one of the few countries to punch back against President Trump’s protectionist agenda.
Poland is Europe's fastest-growing economy and while Prime Minister Mark Carney is there, he is expected to sign a strategic partnership on energy and security.
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‘Canada First’: Prime Minister Mark Carney Keeps Trump At Arms Length During Press Conference On Retaliatory Tariffs
Prime Minister Mark Carney kept President Donald Trump at arms length during a press conference announcing that Canada would drop many tariffs on the United States earlier today.
Today, the Prime Minister, Mark Carney, announced that he will travel to Poland, Germany, and Latvia, from August 25 to 27, 2025. He will be focused on strengthening relationships with European allies and advancing co-operation in key areas, including trade, energy, critical minerals, and collective defence.
Economic and security ties are front and centre as Prime Minister Mark Carney meets allies over the next few days in eastern and central Europe.
Canada is the lone Group of Seven economy that has failed to reach a tariff deal with the U.S. before Trump's deadline. Carney won an election in April, arguing his experience--as a former banker at Goldman Sachs and a central banker in two countries--made him the best person to navigate the economy through the Trump administration.