Britain and Australia to sign 50-year nuclear submarine treaty
Australian Deputy Prime Minister Richard Marles, left, Britain's Secretary of State for Foreign, Commonwealth and Development Affairs David Lammy, second left, Australian Foreign Minister Penny Wong and Britain's Secretary of State for Defence John Healey, right, hold a press conference at Admiralty House following the Australia-UK Ministerial Consultations (AUKMIN) in Sydney, Australia, Friday, July 25, 2025. (AP Photo/Rick Rycroft) RR flag wire: true flag sponsored: false article_type: pubinfo.section: cms.site.custom.site_domain : thestar.com sWebsitePrimaryPublication : publications/toronto_star bHasMigratedAvatar : false firstAuthor.avatar :
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CTV News
2 minutes ago
- CTV News
Carney says he'll talk to Trump ‘when it makes sense' after 35 per cent tariff lands
Prime Minister Mark Carney said, when asked about imposing retaliatory tariffs, that he hasn't spoken with U.S. President Trump 'in recent days.' Prime Minister Mark Carney said, when asked about imposing retaliatory tariffs, that he hasn't spoken with U.S. President Trump 'in recent days.' PM Carney says he'll speak with Trump 'when it makes sense' OTTAWA — Days after the United States hit Canada with higher tariffs, Prime Minister Mark Carney said Tuesday that he will speak with U.S. President Donald Trump 'when it makes sense.' 'I haven't spoken to the president in recent days,' Carney said during a press conference in West Kelowna, B.C. When asked Thursday about the prospects for a trade deal with Canada, Trump said that 'he's called' — seemingly a reference to Carney. The U.S. hit Canada on Friday with a 35 per cent tariff on goods not compliant with the Canada-United States-Mexico agreement on trade, known as CUSMA. Tariff rates for Canadian steel, aluminum and copper are at 50 per cent. Carney said this means that 85 per cent of trade between the Canada and the U.S. remains tariff-free. CUSMA is scheduled for a mandatory review next year. During Tuesday's press conference to discuss supports for the softwood lumber industry — a sector hit hard by American tariffs — Carney pointed to Canada's large investment footprint in the U.S. While other countries have included multi-billion dollar investment pledges in their trade deals with the U.S., Carney suggested that Canadian investment in the U.S. likely will decrease without a deal. 'We have 40 million people. We are the second-largest investor in the United States in the world,' he said. 'Without an agreement, there will be less by definition.' While Trump has cited cross-border fentanyl trafficking to justify some of his tariffs, Carney said that drugs flowing from Canada to the U.S. amount a 'rounding error' compared to other sources. American border agents have seized about 34 kilograms of fentanyl at the Canadian border this fiscal year, compared to over 4,000 kilograms at the Mexican border, according to U.S. Customs and Border Protection data. Canada is looking around for trade partners it can 'trust,' Finance Minister François-Philippe Champagne said Tuesday as he and Foreign Affairs Minister Anita Anand met with Mexico's President Claudia Sheinbaum. Anand and Champagne flew to Mexico Monday to talk economic growth, trade and security with the Mexican president. Carney is expected to visit Mexico to meet with Sheinbaum soon. In a media statement, Champagne said this visit is part of a broader strategy of diversifying Canada's trading relationships as the United States takes a protectionist, tariff-focused approach. 'As we strive to provide more certainty and diversify our export markets, forging closer partnerships like the one we enjoy with Mexico is how we chart a new way forward with partners we can trust,' he said. The ministers are expected to hold a virtual press conference from Mexico Tuesday at 6:00 p.m. EDT. While Canada is now under the increased U.S. tariff rate that took effect Aug. 1, Mexico received a 90-day reprieve from threatened higher U.S. levies. Ontario Premier Doug Ford last year called for a bilateral trade deal between Canada and the United States because he said Mexico was serving as a back door for Chinese auto parts and vehicles entering the North American market. The automotive sector is one of the biggest drivers of trade between Canada and Mexico. Vehicles and auto parts account for 20 per cent of Canada's exports to Mexico and 37 per cent of Canadian imports from its southern partner, according to Economic Development Canada. The auto sector has been a key target of Trump's tariffs. The North American automotive supply chain is spread between the three countries and Trump has said he wants to build up end-to-end auto manufacturing in the U.S. Mexico is one of Canada's biggest trading partners for various commodities, including oil and gas, steel and aluminum. Canada's imports from Mexico include tropical fruits, broadcast equipment and medical devices, according to Mexico's economy ministry. Anand and Champagne are also scheduled to meet with Canadian and Mexican business leaders after their Tuesday press conference. A finance official said this meeting includes representatives from the banking, mining, aerospace, railway, pension, pharmaceutical and agri-food sectors. This report by The Canadian Press was first published Aug. 5, 2025. David Baxter, The Canadian Press
an hour ago
Carney announces over $1B in supports for clobbered softwood lumber industry
Prime Minister Mark Carney vowed to use Canadian lumber to build homes and provide financial supports for the forestry sector as the U.S. hikes duties on the softwood industry. We will be our own best customer by relying on more Canadian lumber for Canadian projects, Carney said at the announcement held a manufacturing mill in West Kelowna, B.C., Tuesday. The sector has been a longstanding target of the U.S., which recently raised anti-dumping duties on Canadian softwood. B.C. Forests Minister Ravi Parmar described the hit as a "gut punch" for the province's forestry industry (new window) which has seen thousands of workers laid off over the last few years. Carney called the duties unjustified while promising to move the industry away from its dependence on the U.S. market. This dependence creates costly uncertainty, he said from the Gorman Bros. Lumber Ltd. mill. It weakens our industry's ability to weather downturns. It makes lumber more expensive. WATCH | Carney announces supports for softwood lumber: The prime minister unveiled a suite of new measures Tuesday that he promised would help the industry serve a growing Canadian market and those of new, reliable trading partners around the world. Carney said his government will use Canadian lumber and workers as part of its promise to build affordable homes. The Build Canada Homes program, promised during the election campaign, will launch this fall and provide up to $25 billion in financing to private sector home builders. We are going to write our own story rather than letting others dictate theirs to us, he said. Carney also announced up to $700 million in loan guarantees for forestry companies and $500 million, largely in grants and contributions, to spur product development and market diversification for the hard-hit industry and millions for reskilling lumber workers. Catharine Tunney (new window) · CBC News · Reporter Catharine Tunney is a reporter with CBC's Parliament Hill bureau, where she covers national security and the RCMP. She worked previously for CBC in Nova Scotia. You can reach her at
Vancouver Sun
2 hours ago
- Vancouver Sun
Carney announces support measures for softwood lumber industry
KELOWNA — Prime Minister Mark Carney said Tuesday the federal government will grant a series of financial aid measures to Canada's forestry sector. The move comes as the U.S. ratchets up duties on Canadian softwood lumber as bilateral trade tensions rise. The U.S. Commerce Department recently announced it intends to hike anti-dumping duties on Canadian softwood to just over 20 per cent. That's a marked increase since the last time the U.S. reviewed the rate, which previously was just over 7 per cent. Stay on top of the latest real estate news and home design trends. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Westcoast Homes will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Carney also says the government will introduce a training program for workers which will include some $50 million for the forestry sector. On Monday, Carney toured the Canadian Forces Maritime Experimental and Test Ranges facility near Nanoose Bay outside Nanaimo with officials from the Canadian Navy. He toured the Royal Canadian Navy vessel Sikanni accompanied by Navy Commander Vice-Admiral Angus Topshee and Commanding Officer Craig Piccolo from the testing facility. Carney on Sunday met with B.C. Premier David Eby and officials from the Vancouver Fraser Port Authority, but the meeting with the premier was closed to reporters. Carney also made a surprise appearance at the Pride parade in downtown Vancouver that day, where he was greeted with cheers from crowds that lined the parade route. The Prime Minister's visit to the province comes amid renewed tensions in the softwood lumber dispute with the U.S., which has placed anti-dumping duties on softwood lumber products that the B.C. Council of Forest Industries has condemned as 'unjustified and punitive trade actions.' More to come
