The China Mail - Carney touts Canada 'pivot' away from US as tariffs rise

USD -
AED 3.672997
AFN 64.000164
ALL 81.403383
AMD 360.301714
ANG 1.789785
AOA 916.999952
ARS 1539.589701
AUD 1.421838
AWG 1.8025
AZN 1.703834
BAM 1.755348
BBD 2.014118
BDT 124.150744
BGN 1.747831
BHD 0.37735
BIF 3000
BMD 1
BND 1.281553
BOB 11.995315
BRL 5.417004
BSD 1.000013
BTN 95.207367
BWP 13.822349
BYN 2.947868
BYR 19600
BZD 2.01121
CAD 1.397803
CDF 2315.000008
CHF 0.82609
CLF 0.025058
CLP 989.409745
CNY 6.6611
CNH 6.656465
COP 3177.45
CRC 454.76167
CUC 1
CUP 24.000287
CVE 99.195576
CZK 21.806196
DJF 177.720164
DKK 6.693635
DOP 60.650084
DZD 135.330075
EGP 56.024304
ERN 15
ETB 161.250258
EUR 0.89554
FJD 2.243198
FKP 0.751792
GBP 0.74805
GEL 2.595036
GGP 0.751792
GHS 11.650329
GIP 0.751792
GMD 74.000007
GNF 8799.999856
GTQ 7.645879
GYD 209.614159
HKD 7.84615
HNL 27.000355
HRK 6.76901
HTG 131.054259
HUF 327.282498
IDR 18158
ILS 3.109045
IMP 0.751792
INR 95.152601
IQD 1515
IRR 1868415.000516
ISK 121.719613
JEP 0.751792
JMD 158.760361
JOD 0.709007
JPY 157.875031
KES 129.949529
KGS 87.447976
KHR 4075.505048
KMF 442.00014
KPW 899.999961
KRW 1339.225041
KWD 0.31094
KYD 0.833326
KZT 453.3167
LAK 22524.999961
LBP 89550.000213
LKR 332.450795
LRD 170.239896
LSL 16.67011
LTL 2.95274
LVL 0.60489
LYD 6.429733
MAD 9.853019
MDL 18.045072
MGA 4589.999848
MKD 55.267858
MMK 2099.638249
MNT 3597.631144
MOP 8.082337
MRU 40.205896
MUR 47.480053
MVR 15.46008
MWK 1736.999688
MXN 18.84011
MYR 4.059703
MZN 63.898681
NAD 16.669951
NGN 1345.804821
NIO 36.798275
NOK 9.26212
NPR 152.332146
NZD 1.77622
OMR 0.384504
PAB 1.000013
PEN 3.452006
PGK 4.489903
PHP 63.737009
PKR 276.6498
PLN 3.93055
PYG 5858.938516
QAR 3.64525
RON 4.782897
RSD 105.236998
RUB 81.251808
RWF 1477.5
SAR 3.7541
SBD 8.064705
SCR 13.826939
SDG 601.508796
SEK 9.85623
SGD 1.280325
SHP 0.750582
SLE 22.950016
SLL 20969.504398
SOS 571.50203
SRD 37.644503
STD 20697.981008
STN 22.35
SVC 8.749697
SYP 13001.999685
SZL 16.620279
THB 33.721987
TJS 9.190174
TMT 3.51
TND 3.00825
TOP 2.40776
TRY 49.837005
TTD 6.779691
TWD 32.559103
TZS 2643.77306
UAH 45.55389
UGX 4360.137679
UYU 40.22581
UZS 11990.000202
VES 887.00815
VND 25814
VUV 119.133003
WST 2.76699
XAF 587.435889
XAG 0.019185
XAU 0.000249381223
XCD 2.70255
XCG 1.802288
XDR 0.707052
XOF 587.435889
XPF 107.374973
YER 236.174996
ZAR 16.625009
ZMK 9001.201938
ZMW 20.200416
ZWL 321.999592
SSP 5745.303054
MXV 2.123926
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Carney touts Canada 'pivot' away from US as tariffs rise
Carney touts Canada 'pivot' away from US as tariffs rise / Photo: © AFP/File

Carney touts Canada 'pivot' away from US as tariffs rise

Canadian Prime Minister Mark Carney on Tuesday said reducing economic ties with the United States would come at a cost but the long-term benefits were clear, as retaliatory tariffs on US products took effect.

Text size:

With the trade war between the North American neighbors heating up, new Canadian duties apply to $27.6 billion (US$20 billion) in US imports, covering steel and aluminum products as well as dairy goods like cheese.

"We have everything we need to pivot and prosper," Carney said. "That pivot will come at a cost. There's always a cost to action. But it doesn't come close to the cost of standing still."

Ottawa's pushback comes after President Donald Trump imposed tariffs on a similar value of Canadian products, over what Washington deemed as "discriminatory treatment" against US alcohol, automobile and dairy industries.

On Monday, Trump threatened to try to block sales of Canada's Bombardier Aviation in the United States unless the Quebec-based plane maker moves manufacturing to the US.

"No more selling Bombardier in the United States!" Trump posted in all caps on his Truth Social platform, though he did not specify how he would achieve a sales halt.

In response, the aerospace company pointed to its creation of tens of thousands of jobs across the United States, with "direct employment" in more than 20 states, including Kansas, Texas, Arizona and California.

"Bombardier values its great partnership with American companies and its US employees," the company's statement said.

US tariffs pose a modestly negative risk to Canada's overall economy, but analysts note that they have a sharper impact on central Canada's manufacturing sector.

- 'Get up, governor' -

"I don't believe in escalating the conflict. That's not constructive," Carney said in his video statement Tuesday. "But our tariffs are necessary to protect our workers, protect our companies, and our communities.

"This is about who we are as Canadians. It's about our livelihoods and the country that we leave to our kids."

Negotiations between both sides broke down August 21 after days of meetings in Washington.

At the time, Carney said US negotiators had introduced restrictions on Canadian trade deals with other countries at the eleventh hour.

US officials also made unacceptable "threats" to the French language and "Quebec culture," he added, referencing the French-speaking province in eastern Canada.

Ottawa and Washington have not resumed talks since, and Trump has continued his attacks.

On Sunday, Trump posted an illustration of himself towering over Carney as they played ice hockey, with Trump saying "Get up, governor" -- a reference to Trump's determination to turn Canada into another US state.

Trump also signed an order in August to rename Lake Ontario, on the border with Canada, as "Lake America" -- sparking fury in Canada amid a broader wave of patriotism triggered by the US president's hostility.

Although Carney is backed by Canadian public opinion, his country remains reliant on its neighbor. Nearly 60 percent of Canada's imports come from the United States and about 70 percent of its exports go to the US market.

To help businesses and workers, Canada's government has unveiled an aid package of $7.5 billion (US$5.4 billion).

I.Ko--ThChM