
Trump’s trade war with Canada has blown up in his face. Now he has a crucial meeting with Mark Carney
CNN
Canadian Prime Minister Mark Carney will visit US President Donald Trump at the White House on Tuesday in what could be one of the most contentious meetings between the neighboring countries’ leaders in years.
Canadian Prime Minister Mark Carney will visit US President Donald Trump at the White House on Tuesday in what could be one of the most contentious meetings between the neighboring countries’ leaders in years. Canada is America’s second-biggest trading partner and one of its closest allies on many fronts, from national security to commerce. But Trump’s aggressive tariff blitz in recent months has undermined that longstanding relationship — and inadvertently helped Carney consolidate political power. In a stunning rebuke to Trump, Canada’s Liberal Party, with Carney as its leader, won federal elections last week, putting the newly elected government on a collision course with the Trump administration. In a defiant post-election speech, Carney said “we are over the shock of the American betrayal but we should never forget the lessons.” Canada and the United States have shared free trade for decades, but Trump’s sweeping tariffs upended that symbiotic relationship — and the damage Trump’s trade war has inflicted on America is severe, as well. Commerce Secretary Howard Lutnick on Monday told Fox Business that a deal with Canada is possible but would be “very complex.” Until February, the two countries were bound by the United States-Mexico-Canada free trade agreement, a deal brokered by Trump himself in his first term. The USMCA, ratified in 2020, replaced the quarter-century-old North American Free Trade Agreement.

Trump is threatening to take “strong action” against Iran just after capturing the leader of Venezuela. His administration is criminally investigating the chair of the Federal Reserve and is taking a scorched-earth approach on affordability by threatening key profit drivers for banks and institutional investors.

Microsoft says it will ask to pay higher electricity bills in areas where it’s building data centers, in an effort to prevent electricity prices for local residents from rising in those areas. The move is part of a broader plan to address rising prices and other concerns sparked by the tech industry’s massive buildout of artificial intelligence infrastructure across the United States.











