Trade War Tensions: Carney Challenges Trump

Canadian Prime Minister Mark Carney criticized US President Donald Trump's trade war, citing a slump in American consumer confidence. Carney, in Windsor, Ontario, called out Trump's tariffs on Canadian goods and warned about economic impacts, pledging support for Canada's auto sector amid these tensions.

Canadian Prime Minister Mark Carney launched a sharp critique of US President Donald Trump's trade policies on Wednesday, asserting they were detrimental to American consumers and workers. Carney, speaking in Windsor, Ontario amid his electoral campaign, highlighted that US consumer confidence has plummeted to its lowest levels in recent years.

Amid escalating trade tensions, the US has imposed a 25% tariff on Canadian steel and aluminum, with threats of broader tariffs looming. Carney accused Trump of attempting to economically coerce Canadians but assured that such tactics would not succeed. The strained relations between the two historically close allies are of significant concern.

Carney announced a CAD 2 billion strategic response fund to support Canada's auto industry, which faces challenges from these tariffs. The auto sector, a crucial part of Canada's exports, could be severely affected, impacting thousands of jobs. As trade tensions rise, the lack of dialogue between Trump and Carney remains notable.

(With inputs from agencies.)