Mark Carney says she is ready to negotiate with Trump

The designated Prime Minister of Canada, Mark Carney, said he is ready to negotiate a renewed commercial agreement with President Donald Trump, provided there is “respect for Canadian sovereignty.”

Carney made these comments during a visit to a steel plant in Hamilton, Ontario, when Canada released C $ 29.8 billion ($ 20.7 billion) in reciprocal rates on US imports.

It occurs after Trump slapped 25% of the rates of all steel and aluminum that enter the country.

Since President Trump assumed the position in January, the two countries have participated in a growing commercial war, and the president of the United States repeatedly threatens to attach his neighbor.

Carney on Wednesday condemned the last round of American tariffs as “unjustified.”

“We will all be better when the world’s largest economic and security association is renewed, relaunching,” he said.

Canada, which is the largest foreign steel and aluminum supplier to the United States, is strongly exposed to rates.

Trump justified tariffs, claiming that they are necessary for the national security of the United States and to boost the demand for national producers, which argues that it has been “depressed” by foreign competition.

The president of the United States implemented a general rate of 25% on the assets of Canada and Mexico, citing concerns about drugs and migrants that cross the US border.

Tariffs on steel and aluminum, starting Wednesday, mark the end of exemptions previously granted to several countries, including Canada.

In retaliation, Canada announced tariffs on US goods, including steel and aluminum, with additional measures that will enter into force at 00:01 EST (04:01 GMT) on Thursday.

The new tariffs cover a range of products, including C $ 12.6 billion in steel, $ 3 billion in aluminum, as well as tools, computer equipment, water heaters, sports equipment and cast iron products.

Experts say that the growing commercial dispute threatens economic stability for both countries.

On Wednesday, the Central Bank of Canada reduced interest rates to 2.75% of 3% to prepare the country’s economy for interruption.

Canadian finance minister, Dominic Leblanc, told a press conference that the country was still looking to decline.

“If you are running to the basement, there is no real award for the first person to reach the basement,” Leblanc said.

On Thursday, the Prime Minister of Ontario, Doug Ford, together with federal representatives, will meet with the United States Secretary of Commerce, Howard Lutnick.

Lutnick told Fox Business Network that at the meeting he plans to try to “level” things between the two nations.

Mark Carney, who was elected leader of the Liberal Government on Sunday, must swine as prime minister, replacing Justin Trudeau. He has promised to win the commercial war against Trump, after his overwhelming victory.

With reports by Jonathan Josephs and Lisa Lambert