Carney: Canada Shifts Trade Focus, Offers Steel Protection

Canadas Prime Minister Mark Carney announces the end of the close trade relationship with the U.S., citing Trumps tariffs. He reveals that 75% of Canadas exports, including 90% of lumber, aluminum, and steel, go to the U.S., leaving these sectors vulnerable. Ottawa responds with new measures, including reduced steel import quotas, a global tariff on certain steel products, and loan guarantees for the softwood lumber industry. Carney plans to re-engage in trade talks with the U.S. during the FIFA World Cup two thousand twenty-six draw. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.