The post Canada’s Carney resists strong reaction after Trump's latest 10% tariff hike appeared on BitcoinEthereumNews.com. Canadian Prime Minister Carney gave a short answer when reporters asked him about President Donald Trump’s new plan to raise tariffs on Canadian goods. Carney did not argue or rant. He simply said Canada is prepared to restart trade discussions with the United States at any time. Speaking in Malaysia at the Association of Southeast Asian Nations meeting, he said: “Canada stands ready to build on the progress that we had been making in our negotiations or discussions with our American counterparts.” As Carney traveled in Asia, Trump announced an additional 10% tariff on Canada. The move was a response to a TV advertisement produced by the province of Ontario and broadcast in the United States. The ad used clips of former President Ronald Reagan criticizing tariffs. Ontario Premier Doug Ford had already said he would stop the ad after the weekend, but Trump went ahead with the tariff escalation. Trump had said, “Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now.” He then later told reporters on Air Force One that he did not plan to meet Carney while both leaders were in Asia for major global summits. Carney focuses on talks, not theatrics Carney stated that trade negotiations with the United States are the sole responsibility of the federal government. He said open talks remain “the best way forward.” He made clear that Canada wants structured, official discussions instead of public arguments. Carney also said that his current trip is about expanding trade relationships beyond the U.S. market, with a long-term goal of doubling Canadian exports to non-U.S. markets over the next ten years. During this press appearance, Carney did not take questions. He is expected to do so… The post Canada’s Carney resists strong reaction after Trump's latest 10% tariff hike appeared on BitcoinEthereumNews.com. Canadian Prime Minister Carney gave a short answer when reporters asked him about President Donald Trump’s new plan to raise tariffs on Canadian goods. Carney did not argue or rant. He simply said Canada is prepared to restart trade discussions with the United States at any time. Speaking in Malaysia at the Association of Southeast Asian Nations meeting, he said: “Canada stands ready to build on the progress that we had been making in our negotiations or discussions with our American counterparts.” As Carney traveled in Asia, Trump announced an additional 10% tariff on Canada. The move was a response to a TV advertisement produced by the province of Ontario and broadcast in the United States. The ad used clips of former President Ronald Reagan criticizing tariffs. Ontario Premier Doug Ford had already said he would stop the ad after the weekend, but Trump went ahead with the tariff escalation. Trump had said, “Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now.” He then later told reporters on Air Force One that he did not plan to meet Carney while both leaders were in Asia for major global summits. Carney focuses on talks, not theatrics Carney stated that trade negotiations with the United States are the sole responsibility of the federal government. He said open talks remain “the best way forward.” He made clear that Canada wants structured, official discussions instead of public arguments. Carney also said that his current trip is about expanding trade relationships beyond the U.S. market, with a long-term goal of doubling Canadian exports to non-U.S. markets over the next ten years. During this press appearance, Carney did not take questions. He is expected to do so…

Canada’s Carney resists strong reaction after Trump's latest 10% tariff hike

Canadian Prime Minister Carney gave a short answer when reporters asked him about President Donald Trump’s new plan to raise tariffs on Canadian goods.

Carney did not argue or rant. He simply said Canada is prepared to restart trade discussions with the United States at any time. Speaking in Malaysia at the Association of Southeast Asian Nations meeting, he said:

As Carney traveled in Asia, Trump announced an additional 10% tariff on Canada. The move was a response to a TV advertisement produced by the province of Ontario and broadcast in the United States.

The ad used clips of former President Ronald Reagan criticizing tariffs. Ontario Premier Doug Ford had already said he would stop the ad after the weekend, but Trump went ahead with the tariff escalation.

Trump had said, “Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now.”

He then later told reporters on Air Force One that he did not plan to meet Carney while both leaders were in Asia for major global summits.

Carney focuses on talks, not theatrics

Carney stated that trade negotiations with the United States are the sole responsibility of the federal government. He said open talks remain “the best way forward.” He made clear that Canada wants structured, official discussions instead of public arguments.

Carney also said that his current trip is about expanding trade relationships beyond the U.S. market, with a long-term goal of doubling Canadian exports to non-U.S. markets over the next ten years.

During this press appearance, Carney did not take questions. He is expected to do so during a later scheduled session. At the moment, Canada faces a base U.S. tariff rate of 35%.

However, most Canadian goods are exempt because of rules under the U.S.-Mexico-Canada Agreement. Trump has not said whether the new 10% tariff will remove or change that exemption.

On top of the base rate, the U.S. also applies sector-specific tariffs. Canada’s steel and aluminum fall under a 50% tariff on foreign metals. Cars and trucks assembled in Canada are only partly exempt from Trump’s 25% tariffs on most foreign-made vehicles.

Canadian officials spent recent weeks negotiating tariff relief on metals, including a visit by Carney to the White House on October 7. But last Thursday, Trump halted all trade talks after seeing the Ontario TV ad.

Before leaving for Asia, Carney said, “We can’t control the trade policy of the United States.” He also noted progress had been made and repeated that Canada is ready to continue once the U.S. is willing.

Carney is spending nine days in Asia, including visits to Singapore and South Korea for the Asia-Pacific Economic Cooperation meeting. The goal is to promote Canadian trade across the region.

At the ASEAN summit, he spoke about reducing Canada’s heavy trade dependence on the U.S. and highlighted efforts to negotiate a free trade agreement with the ASEAN bloc.

He also pointed out that Canada can serve as an energy supplier, especially as the government pushes to speed construction of liquefied natural gas terminals on the Pacific coast.

In his remarks, Carney said, “Canada is a strong, reliable partner that has much of what the world wants.”

If you’re reading this, you’re already ahead. Stay there with our newsletter.

Source: https://www.cryptopolitan.com/canada-carney-plays-it-cool-on-trump-threats/

Market Opportunity
OFFICIAL TRUMP Logo
OFFICIAL TRUMP Price(TRUMP)
$4.713
$4.713$4.713
-3.22%
USD
OFFICIAL TRUMP (TRUMP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
How much money do you need invested to make $1000 a month?

How much money do you need invested to make $1000 a month?

This article turns the simple question "How much money do you need invested to make $1000 a month?" into clear steps and real numbers. You’ll learn the core formula
Share
Coinstats2026/01/26 01:57
What Makes These Top Presale Crypto Projects Stand Out From the Rest?

What Makes These Top Presale Crypto Projects Stand Out From the Rest?

The post What Makes These Top Presale Crypto Projects Stand Out From the Rest? appeared on BitcoinEthereumNews.com. Crypto Projects Explore the best presale coins
Share
BitcoinEthereumNews2026/01/26 02:00