
Canada's PM Carney vows to ‘fight' Trump's tariffs, other world leaders weigh impact
"President Trump has just announced a series of measures that are going to fundamentally change the international trading system," Carney told reporters following Trump's Rose Garden announcement. We're in a situation where there's going to be an impact on the U.S. economy, which will build with time.
"In our judgment, it will be negative on the U.S. economy that will have an impact on us," he added, noting millions of Canadians will be impacted.
While Trump did not issue any additional tariffs against Canada following the 25% tariffs already in place on all Canadian imports, the 10% tariff on its energy exports and the blanket tariff on all aluminum and steel, he did announce a 25% tariff on all foreign vehicle imports.
He also pointed out that Trump said there could be future targeted tariffs against pharmaceutical companies, lumber and semiconductors — tariffs that will have wide affect on U.S. trading partners beyond Canada and Mexico, but across Europe and Asia.
"In a crisis, it's important to come together," Carney said. "It's essential to act with purpose and with force, and that's what we will do."
Before the tariff announcement, Canadian Conservative Leader Pierre Poilievre said at an election campaign event on Wednesday that he supports "targeted, reciprocal" tariffs on American goods — and if his party wins the general election on April 28 and he becomes prime minister, he would like to sit down with President Donald Trump and create a new trade deal, replacing the United States-Mexico-Canada Agreement, which the president signed in 2020.
Poilievre also said that Canada must maintain control of its border and freshwater and protect both its automotive industry and supply-managed farm sectors.
David Adams, president and CEO of Global Automakers of Canada — a national trade association representing the Canadian interests of 16 automakers, including BMW Canada, Inc. and Nissan Canada Inc. — said in a statement, "Tariffs are taxes that hurt consumers by increasing costs, driving up inflation, and unfairly impacting workers on both sides of the border."
"Governments should look to long-term solutions to remove these tariffs, prioritizing the elimination of regulatory barriers to industry competitiveness and providing automakers with flexibilities to respond in these uncertain times."
Reactions from European Union leaders began to emerge following Trump's announcement that he will hit the EU with 20% tariffs on all imported goods, with disappointment, concern and commitments to continue negotiations with the U.S.
Italian Prime Minister Giorgia Meloni, generally seen as a Trump ally, said Trump's tariffs were "wrong" and warned they would not only harm American and European pocketbooks, but aid Western adversaries.
"We will do everything we can to work towards an agreement with the United States, with the goal of avoiding a trade war that would inevitably weaken the West in favor of other global players," Meloni said in a statement on Facebook.
"In any case, as always, we will act in the interest of Italy and its economy, also engaging with other European partners," she added.
Ireland's Deputy Prime Minister, Simon Harris, said he "deeply regret[s]" the new tariffs but said he is committed to working with Washington to end this tariff war.
"I must be honest tonight that a 20% blanket tariff on goods from all EU countries could have a significant effect on Irish investment and the wider economy," he said, noting the effects would "likely be felt for some time."
Chairman of the European Parliament's International Trade Committee Bernd Lange called for a united response from countries targeted by Trump.
"While President Trump might call today 'Liberation Day,' from an ordinary citizen's point of view this is 'Inflation Day,' he said, reported Reuters. "Because of this decision, U.S. consumers will be forced to carry the heaviest burden in a trade war."
Lange said the EU will respond through "legal, legitimate, proportionate and decisive" measures.
Swiss President Karin Keller-Sutter said her government would work to figure out the next steps.
The U.K., along with the president of Mexico ahead of the announcement, said they would continue to work with the U.S. and would not rush to enforce reciprocal tariffs.
Similarly, Australian Prime Minister Anthony Albanese said that while Trump's decision was "not the act of a friend," his country would not impose reciprocal tariffs, reported Reuters.
He reportedly condemned the U.S. tariffs as totally unwarranted and said Australia will continue to negotiate to have the tariffs lifted.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
It's Trump's economy now. The latest financial numbers offer some warning signs
WASHINGTON (AP) — For all of President Donald Trump's promises of an economic 'golden age,' a spate of weak indicators this week told a potentially worrisome story as the impacts of his policies are coming into focus. Job gains are dwindling. Inflation is ticking upward. Growth has slowed compared to last year. More than six months into his term, Trump's blitz of tariff hikes and his new tax and spending bill have remodeled America's trading, manufacturing, energy and tax systems to his own liking. He's eager to take credit for any wins that might occur and is hunting for someone else to blame if the financial situation starts to totter. But as of now, this is not the boom the Republican president promised, and his ability to blame his Democratic predecessor, Joe Biden, for any economic challenges has faded as the world economy hangs on his every word and social media post. When Friday's jobs report turned out to be decidedly bleak, Trump ignored the warnings in the data and fired the head of the agency that produces the monthly jobs figures. 'Important numbers like this must be fair and accurate, they can't be manipulated for political purposes,' Trump said on Truth Social, without offering evidence for his claim. 'The Economy is BOOMING.' It's possible that the disappointing numbers are growing pains from the rapid transformation caused by Trump and that stronger growth will return — or they may be a preview of even more disruption to come. Trump's economic plans are a political gamble Trump's aggressive use of tariffs, executive actions, spending cuts and tax code changes carries significant political risk if he is unable to deliver middle-class prosperity. The effects of his new tariffs are still several months away from rippling through the economy, right as many Trump allies in Congress will be campaigning in the midterm elections. 'Considering how early we are in his term, Trump's had an unusually big impact on the economy already,' said Alex Conant, a Republican strategist at Firehouse Strategies. 'The full inflationary impact of the tariffs won't be felt until 2026. Unfortunately for Republicans, that's also an election year.' The White House portrayed the blitz of trade frameworks leading up to Thursday's tariff announcement as proof of his negotiating prowess. The European Union, Japan, South Korea, the Philippines, Indonesia and other nations that the White House declined to name agreed that the U.S. could increase its tariffs on their goods without doing the same to American products. Trump simply set rates on other countries that lacked settlements. The costs of those tariffs — taxes paid on imports to the U.S. — will be most felt by many Americans in the form of higher prices, but to what extent remains uncertain. 'For the White House and their allies, a key part of managing the expectations and politics of the Trump economy is maintaining vigilance when it comes to public perceptions,' said Kevin Madden, a Republican strategist. Just 38% of adults approve of Trump's handling of the economy, according to a July poll by The Associated Press-NORC Center for Public Affairs. That's down from the end of Trump's first term when half of adults approved of his economic leadership. The White House paints a rosier image, seeing the economy emerging from a period of uncertainty after Trump's restructuring and repeating the economic gains seen in his first term before the pandemic struck. 'President Trump is implementing the very same policy mix of deregulation, fairer trade, and pro-growth tax cuts at an even bigger scale – as these policies take effect, the best is yet to come,' White House spokesman Kush Desai said. Recent economic reports suggest trouble ahead The economic numbers over the past week show the difficulties that Trump might face if the numbers continue on their current path: — Friday's jobs report showed that U.S. employers have shed 37,000 manufacturing jobs since Trump's tariff launch in April, undermining prior White House claims of a factory revival. — Net hiring has plummeted over the past three months with job gains of just 73,000 in July, 14,000 in June and 19,000 in May — a combined 258,000 jobs lower than previously indicated. On average last year, the economy added 168,000 jobs a month. — A Thursday inflation report showed that prices have risen 2.6% over the year that ended in June, an increase in the personal consumption expenditures price index from 2.2% in April. Prices of heavily imported items, such as appliances, furniture, and toys and games, jumped from May to June. — On Wednesday, a report on gross domestic product — the broadest measure of the U.S. economy — showed that it grew at an annual rate of less than 1.3% during the first half of the year, down sharply from 2.8% growth last year. 'The economy's just kind of slogging forward,' said Guy Berger, senior fellow at the Burning Glass Institute, which studies employment trends. 'Yes, the unemployment rate's not going up, but we're adding very few jobs. The economy's been growing very slowly. It just looks like a 'meh' economy is continuing.' Trump's Fed attacks could unleash more inflation Trump has sought to pin the blame for any economic troubles on Federal Reserve Chair Jerome Powell, saying the Fed should cut its benchmark interest rates even though doing so could generate more inflation. Trump has publicly backed two Fed governors, Christoper Waller and Michelle Bowman, for voting for rate cuts at Wednesday's meeting. But their logic is not what the president wants to hear: They were worried, in part, about a slowing job market. But this is a major economic gamble being undertaken by Trump and those pushing for lower rates under the belief that mortgages will also become more affordable as a result and boost homebuying activity. His tariff policy has changed repeatedly over the last six months, with the latest import tax numbers serving as a substitute for what the president announced in April, which provoked a stock market sell-off. It might not be a simple one-time adjustment as some Fed board members and Trump administration officials argue. Trump didn't listen to the warnings on 'universal' tariffs Of course, Trump can't say no one warned him about the possible consequences of his economic policies. Biden, then the outgoing president, did just that in a speech last December at the Brookings Institution, saying the cost of the tariffs would eventually hit American workers and businesses. 'He seems determined to impose steep, universal tariffs on all imported goods brought into this country on the mistaken belief that foreign countries will bear the cost of those tariffs rather than the American consumer,' Biden said. 'I believe this approach is a major mistake.' Josh Boak And Christopher Rugber, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Los Angeles Times
21 minutes ago
- Los Angeles Times
9th Circuit keeps freeze on Southern California ICE patrols
The 9th U.S. Circuit Court of Appeals dealt a stinging blow to the Trump administration's mass deportation project Friday night in a fiery opinion upholding a lower court's block on 'roving patrols' across much of Southern California. 'If, as Defendants suggest, they are not conducting stops that lack reasonable suspicion, they can hardly claim to be irreparably harmed by an injunction aimed at preventing a subset of stops not supported by reasonable suspicion,' the panel wrote. The ruling leaves in place a temporary restraining order barring masked and heavily armed agents from snatching people off the streets of Southern California without first establishing reasonable suspicion that they are in the U.S. illegally. Under the 4th Amendment, reasonable suspicion cannot be based solely on race, ethnicity, language, location or employment, either alone or in combination, U.S. District Judge Maame Ewusi-Mensah Frimpong of Los Angeles wrote in her original order. 9th Circuit Judges Marsha S. Berzon, Jennifer Sung and Ronald M. Gould agreed. 'There is no predicate action that the individual plaintiffs would need to take, other than simply going about their lives, to potentially be subject to the challenged stops,' the opinion said. Fourth Amendment injunctions are hard to win, experts say. Plaintiffs must show not only that they were hurt, but that they are likely to be hurt again in the same way in the future. One way to meet that test in court is to show the injury is the product of a government policy. Throughout a hearing Monday, the appellate judges repeatedly probed that question, roughly doubling the administration's time to respond in an effort to get an answer. 'After the district court injunction here, the secretary of Homeland Security said, 'We are going to continue doing what we're doing' — so that's not a policy?' Berzon asked. 'The policy is to follow the 4th Amendment and to require reasonable suspicion,' said Deputy Assistant Atty. Gen. Yaakov Roth. Roth also rebuffed questions about a 3,000-arrests-per-day quota first touted by White House Deputy Chief of Staff Stephen Miller in May. In a memo to the panel on Wednesday, Roth clarified that 'no such goal' had been established. The court rejected that argument Friday, writing that 'no official statement or express policy is required' to prove one exists. 'Agents have conducted many stops in the Los Angeles area within a matter of weeks ... some repeatedly in the same location,' the opinion said, making the likelihood of future stops 'considerable.' The ruling scolded the Department of Justice for 'misreading' the restraining order it sought to block, and said it 'mischaracterized' Judge Frimpong's order. And it rejected the government's central claim that its law enforcement mandate would be 'chilled' by the district court's order. 'Defendants have failed to establish that they will be 'chilled' from their enforcement efforts at all, let alone in a manner that constitutes the 'irreparable injury' required to support a stay pending appeal,' the panel wrote. The case is still in its early phases, with hearings set for a preliminary injunction in September. But the 'shock and awe' campaign of chaotic public arrests that first gripped Southern California on June 6 has all but ceased in the seven counties covered by Frimpong's order: Los Angeles, Riverside, San Bernardino, Orange, Ventura, Santa Barbara and San Luis Obispo. 'The underlying 4th Amendment law is not complicated,' said Mohammad Tajsar of the ACLU of Southern California — part of a coalition of civil rights groups and individual attorneys challenging cases of three immigrants and two U.S. citizens swept up in chaotic arrests. 'Even a more conservative panel would have been concerned about what the government is doing.' Los Angeles Mayor Karen Bass, whose city was among a number of Southern California municipalities allowed to join the lawsuit this week, celebrated the news. 'Today is a victory for the rule of law and for the city of Los Angeles,' Bass said. 'Los Angeles will stand together against this administration's efforts to break up families who contribute every single day to the life, the culture and the economy of our great city.' The Trump administration has previously signaled its intent to fight judicial limits on its deportation efforts any way it can. It was not immediately clear where an appeal would proceed.

22 minutes ago
Rural US high schools are offering more college-level classes, but college can still be a tough sell
PERRY, N.Y. -- As a student in western New York's rural Wyoming County, Briar Townes honed an artistic streak that he hopes to make a living from one day. In high school, he clicked with a college-level drawing and painting class. But despite the college credits he earned, college isn't part of his plan. Since graduating from high school in June, he has been overseeing an art camp at the county's Arts Council. If that doesn't turn into a permanent job, there is work at Creative Food Ingredients, known as the 'cookie factory' for the way it makes the town smell like baking cookies, or at local factories like American Classic Outfitters, which designs and sews athletic uniforms. 'My stress is picking an option, not finding an option,' he said. Even though rural students graduate from high school at higher rates than their peers in cities and suburbs, fewer of them go on to college. Many rural school districts, including the one in Perry that Townes attends, have begun offering college-level courses and working to remove academic and financial obstacles to higher education, with some success. But college doesn't hold the same appeal for students in rural areas where they often would need to travel farther for school, parents have less college experience themselves, and some of the loudest political voices are skeptical of the need for higher education. College enrollment for rural students has remained largely flat in recent years, despite the district-level efforts and stepped-up recruitment by many universities. About 55% of rural U.S. high school students who graduated in 2023 enrolled in college, according to National Clearinghouse Research Center data. That's compared to 64% of suburban graduates and 59% of urban graduates. College can make a huge difference in earning potential. An American man with a bachelor's degree earns an estimated $900,000 more over his lifetime than a peer with a high school diploma, research by the Social Security Administration has found. For women, the difference is about $630,000. A lack of a college degree is no obstacle to opportunity in places such as Wyoming County, where people like to say there are more cows than people. The dairy farms, potato fields and maple sugar houses are a source of identity and jobs for the county just east of Buffalo. 'College has never really been, I don't know, a necessity or problem in my family,' said Townes, the middle of three children whose father has a tattoo shop in Perry. At Perry High School, Superintendent Daryl McLaughlin said the district takes cues from students like Townes, their families and the community, supplementing college offerings with programs geared toward career and technical fields such as the building trades. He said he is as happy to provide reference checks for employers and the military as he is to write recommendations for college applications. 'We're letting our students know these institutions, whether it is a college or whether employers, they're competing for you,' he said. 'Our job is now setting them up for success so that they can take the greatest advantage of that competition, ultimately, to improve their quality of life.' Still, college enrollment in the district has exceeded the national average in recent years, going from 60% of the class of 2022's 55 graduates to 67% of 2024's and 56% of 2025's graduates. The district points to a decision to direct federal pandemic relief money toward covering tuition for students in its Accelerated College Enrollment program — a partnership with Genesee Community College. When the federal money ran out, the district paid to keep it going. 'This is a program that's been in our community for quite some time, and it's a program our community supports,' McLaughlin said. About 15% of rural U.S. high school students were enrolled in college classes in January 2025 through such dual enrollment arrangements, a slightly lower rate than urban and suburban students, an Education Department survey found. Rural access to dual enrollment is a growing area of focus as advocates seek to close gaps in access to higher education. The College in High School Alliance this year announced funding for seven states to develop policy to expand programs for rural students. Around the country, many students feel jaded by the high costs of college tuition. And Americans are increasingly skeptical about the value of college, polls have shown, with Republicans, the dominant party in rural America, losing confidence in higher education at higher rates than Democrats. 'Whenever you have this narrative that 'college is bad, college is bad, these professors are going to indoctrinate you,' it's hard,' said Andrew Koricich, executive director of the Alliance for Research on Regional Colleges at Appalachian State University in North Carolina. 'You have to figure out, how do you crack through that information ecosphere and say, actually, people with a bachelor's degree, on average, earn 65% more than people with a high school diploma only?' In much of rural America, about 21% of people over the age of 25 have a bachelor's degree, compared to about 36% of adults in other areas, according to a government analysis of U.S. Census findings. In rural Putnam County, Florida, about 14% of adults have a bachelor's degree. That doesn't stop principal Joe Theobold from setting and meeting an annual goal of 100% college admission for students at Q.I. Roberts Jr.-Sr. High School. Paper mills and power plants provide opportunities for a middle class life in the county, where the cost of living is low. But Theobold tells students the goal of higher education 'is to go off and learn more about not only the world, but also about yourself.' 'You don't want to be 17 years old, determining what you're going to do for the rest of your life,' he said. Families choose the magnet school because of its focus on higher education, even though most of the district's parents never went to a college. Many students visit college campuses through Camp Osprey, a University of North Florida program that helps students experience college dorms and dining halls. In upstate New York, high school junior Devon Wells grew up on his family farm in Perry but doesn't see his future there. He's considering a career in welding, or as an electrical line worker in South Carolina, where he heard the pay might be double what he would make at home. None of his plans require college, he said. 'I grew up on a farm, so that's all hands-on work. That's really all I know and would want to do,' Devon said. Neither his nor Townes' parents have pushed one way or the other, they said. 'I remember them talking to me like, `Hey, would you want to go to college?' I remember telling them, 'not really,'' Townes said. He would have listened if a college recruiter reached out, he said, but wouldn't be willing to move very far.