Monday, November 10, 2025

Canada PM Mark Carney says he is disappointed as Trump orders tariff hike

Date:

Canadian Prime Minister Mark Carney said he was disappointed after US President Donald Trump signed an executive order to raise tariffs on Canadian goods to 35% from 25% on products outside the scope of the US-Mexico-Canada trade agreement.The move, which Washington linked in part to what it said was Canada’s failure to stop fentanyl smuggling, is the latest salvo in Trump’s months-long tariff war initiated soon after taking power.
US duties and tariffs will heavily affect lumber, steel, aluminum, and automobiles, Carney said in a post on X, vowing action to protect Canadian jobs, buy its goods, invest in industrial competitiveness and diversify export markets.

To justify its step, the US has cited the cross-border flow of fentanyl, even though Canada accounts for just 1% of US fentanyl imports and has been working intensively to further reduce the volumes, Carney added.

Read more: Donald Trump sticks to 25% tariff on India, slashes rates on Bangladesh, Pakistan



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Groww IPO allotment in focus today; latest GMP, 6 steps to check status

ग्रो आईपीओ आवंटन तिथि: ग्रो आईपीओ शेयर आवंटन को...

US government shutdown nears end as senate Democrats agree to funding deal

The record-breaking US government shutdown is nearing an end...

Stocks To Buy: Motilal Oswal ‘bull case’ projects 75% upside for this renewable energy stock

Shares of Waaree Energies Ltd. are in focus on...

Peyush Bansal writes ‘It’s Still Day Zero’ ahead of debut

By CNBCTV18.COM |  Nov 10, 2025 7:57 AM IST (Updated)Lenskart...