Canada “will face a thug,” says Mark Carney after Trump Tariffs announced

Mark Carney, the favorite to be the next Canadian prime minister, said his country “will face a thug” after the president of the United States, Donald Trump, announced 25% tariffs in Canada.

Speech exclusively to BBC NewsnightCarney, 59, said Canada “will coincide with the dollar per dollar in US tariffs.”

In addition to raising a 25% rate on Canadian imports on Saturday, the White House has announced 25% tariffs in Mexico and 10% in China.

Carney, who announced his career for the leader From the Liberal ruling party of Canada in January, is the former governor of the Bank of Canada and the Bank of England.

He is currently one of the five candidates in the race to succeed Justin Trudeau, and so far he has assured The largest support base among liberal parliamentarians.

The leadership race will conclude on March 9.

The winner will replace Trudeau currently, who announced his intention to resign in January after nine years in office, both as a prime minister and party leader.

Canada is required to celebrate an election on October 20 or before, and the Liberal Party currently follows its conservative rivals in the surveys.

In response to the tariff’s announcement, Carney told Newsnight that “President Trump probably thinks that Canada will become.”

“But we are going to face a thug, we are not going to go back,” he said.

“We are united and we will retaliate.”

The former governor of the Bank of England said the tariffs “will damage the reputation of the United States worldwide.”

“They will reach growth. Inflation will rise. They will increase interest rates,” he said.

He added that it is the “second time” in less than a decade that the United States “in force” started a commercial agreement with its closest commercial partner. “

In 2020, towards the end of Donald Trump’s first mandate, the The USxic-Canada (UCMCA) agreement entered into force – Indeed a NAFTA update, the agreement between the three countries that had been in force since the 1990s.

Economists have suggested that recently tax tariffs could have an immediate devastating impact on Canada’s economy, while leading at higher prices for Americans.

Tariffs are a central part of Trump’s economic vision. He sees them as a way of growing the economy of the United States, protecting jobs and increasing tax revenues.

The outgoing prime minister, Trudeau, said that Canada’s response will be “forceful” and “immediate” to the new tariffs.

Trump said Friday that Canadian oil would be beaten with lower 10%tariffs, which would later take effect on February 18.

The president also said that he planned to impose tariffs on the European Union in the future, saying that the block had not treated the United States well.