Mark Carney
Canadian Prime Minister Carney signaled that Canada may hold off on further retaliation against US President Trump’s latest trade measures, calling them “relatively modest”. The comments came two days after Washington escalated the ongoing trade dispute by banning some Canadian dairy products and motorcycles and most alcoholic beverages after the Canadian retaliatory tariffs took effect. Trump also moved to shut Canadian products out of large, long-term US government contracts. Carney acknowledged they could have significant consequences for individual companies and industries. But he noted that some of the new US tariffs replaced others that Washington had removed. …Derek Holt, with Scotiabank, said the US measures looked more like an attempt by Trump to “save face” than a major escalation. …Carney also said he remains in regular contact with Trump and had spoken with him “a couple of times” in recent days about Ukraine, Iran and other global developments.
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