New Canadian Leader Says Trump Will Want Trade Talks as Americans Suffer from Trade War

File photo: Former Bank of Canada and Bank of England governor Mark Carney speaks after he won the race to become leader of Canada's ruling Liberal Party and will succeed Justin Trudeau as Prime Minister, in Ottawa, Ontario, Canada, March 9, 2025. REUTERS/Amber Bracken/Pool
File photo: Former Bank of Canada and Bank of England governor Mark Carney speaks after he won the race to become leader of Canada's ruling Liberal Party and will succeed Justin Trudeau as Prime Minister, in Ottawa, Ontario, Canada, March 9, 2025. REUTERS/Amber Bracken/Pool
TT
20

New Canadian Leader Says Trump Will Want Trade Talks as Americans Suffer from Trade War

File photo: Former Bank of Canada and Bank of England governor Mark Carney speaks after he won the race to become leader of Canada's ruling Liberal Party and will succeed Justin Trudeau as Prime Minister, in Ottawa, Ontario, Canada, March 9, 2025. REUTERS/Amber Bracken/Pool
File photo: Former Bank of Canada and Bank of England governor Mark Carney speaks after he won the race to become leader of Canada's ruling Liberal Party and will succeed Justin Trudeau as Prime Minister, in Ottawa, Ontario, Canada, March 9, 2025. REUTERS/Amber Bracken/Pool

Canadian Prime Minister Mark Carney said Friday US President Donald Trump will ultimately respect Canada’s sovereignty and be ready for comprehensive trade talks because Americans are going to suffer from Trump's trade war.
Carney said talks with Trump will not happen “until we get the respect we deserve as a sovereign nation. By the way, this is not a high bar.”
Trump kept up his near-daily attacks on Canada on Friday, repeating that the country should be the 51st state and that the US keeps Canada “afloat.”
“When I say they should be a state, I mean that,” the American president said.
Carney met with Canada’s provincial leaders at the Canadian War Museum in Ottawa, where he announced relief packages for workers and businesses hurt by the trade war and announced moves to expedite resource projects.
Carney, sworn in last Friday, still hasn’t had a phone call with Trump. Trump mocked Carney’s predecessor, Justin Trudeau, by calling him Governor Trudeau, but he has not yet mentioned Carney’s name, The Associated Press said.
The new prime minister said he wants a comprehensive discussion on trade and security with the Americans and not a one-off tariff discussion.
“In the end, Americans are going to lose from American trade action and that’s one of the reasons I am confident that there will be that discussion with the appropriate amount of respect and the breadth," Carney said. “I am ready for it anytime they are ready.”
Trump put 25% tariffs on Canada’s steel and aluminum and is threatening sweeping tariffs on all Canadian products as well as all of America's trading partners on April 2.
Carney became Prime Minister after winning a Liberal Party leadership race triggered by Trudeau’s decision to step down earlier this year. He's expected to trigger the process for early parliamentary elections this Sunday, with a vote expected before April 28.
The governing Liberals appeared poised for a historic election defeat this year until Trump declared a trade war and upended Canadian politics.
The almost daily attacks on Canada’s sovereignty have infuriated Canadians, who are canceling trips south of the border and avoiding buying American goods when they can. The surge in Canadian nationalism has bolstered Liberal poll numbers.
Carney said the premiers of Canada's provinces had agreed to work on a plan to develop a national trade and energy corridor in an effort to diversify trade.
He said that could mean a oil pipeline from oil-rich Alberta to Eastern Canada. Quebec has previously opposed a pipeline, but Premier François Legault now says opinions are changing because of Trump's threats. Carney said Quebec uses about 350,000 barrels of oil daily and 70% of that comes from the US.
“That is not a good idea for us at all. So there is an opportunity to put a pipeline there but we need social acceptance. We need a partnership with indigenous people as well," Carney said.
He said the federal government would speed up projects by recognizing provincial assessments. Canadian leaders also talked about moving quickly to eliminate trade barriers between provinces and with the federal government.
Carney also said Ottawa is also going to waive the one-week waiting period to get employment insurance for people whose jobs are cut because of the tariffs, and temporarily allow Canadian businesses to defer income tax and sales tax payments to help boost their liquidity.



UK Lifts Sanctions against Syria's Defense Ministry, Intelligence Agencies

The Union Jack flag is flown outside the Houses of Parliament, in London, Britain February 9, 2022. REUTERS/Tom Nicholson/File Photo
The Union Jack flag is flown outside the Houses of Parliament, in London, Britain February 9, 2022. REUTERS/Tom Nicholson/File Photo
TT
20

UK Lifts Sanctions against Syria's Defense Ministry, Intelligence Agencies

The Union Jack flag is flown outside the Houses of Parliament, in London, Britain February 9, 2022. REUTERS/Tom Nicholson/File Photo
The Union Jack flag is flown outside the Houses of Parliament, in London, Britain February 9, 2022. REUTERS/Tom Nicholson/File Photo

Britain on Thursday lifted assets freezes on Syria's defense and interior ministries, and a range of intelligence agencies, reversing sanctions imposed during Bashar al-Assad's presidency.
The West is rethinking its approach to Syria after insurgent forces led by the Hayat Tahrir al-Sham ousted Assad as president in December after more than 13 years of civil war, Reuters reported.
A notice posted online by the British finance ministry said the Syrian Ministry of Interior, Ministry of Defense and General Intelligence Directorate were among 12 entities no longer subject to an asset freeze.
The notice did not set out reasons for the de-listing.
In March, the government unfroze the assets of Syria's central bank and 23 other entities including banks and oil companies.
The British government has previously stressed that sanctions on members of the Assad regime would remain in place.