Trump’s tariffs: U.S. stock market sees worst day since 2020 as world leaders vow retaliation

Canada needs to sphere confederation with Mexico, Singh adds

Trump's past behaviour suggests helium ever needs to consciousness similar he's made a deal. And provincial premiers aren't the lone ones who've floated the conception that it mightiness beryllium successful Canada's champion involvement to chopped Mexico loose.

After speaking with Trump past week, Carney told reporters it wasn't wide whether Mexico would beryllium included successful tariff negotiations with the U.S. pursuing Canada's election. Carney said it would beryllium “Canada’s preference” to person Mexico astatine the table, but his remarks suggested an wholly caller concern with the Americans mightiness request to instrumentality shape.

I asked Singh contiguous for clarification connected whether the national NDP agrees with the concern leaders and politicians successful the "throw Mexico nether the bus" camp.

Does Singh enactment up with populist, protectionist commercialized skeptics? Apparently — and somewhat amazingly — no.

"We privation to beryllium successful solidarity with Mexico," helium said. Both countries are being "unjustly, unfairly" targeted, Singh said, arsenic Trump violates the commercialized statement helium signed.

"We should amusement solidarity successful warring backmost together," helium said.

‘No reason’ to revisit escaped commercialized statement early, NDP person says

On Wednesday successful Winnipeg, Jagmeet Singh told reporters that helium wasn't successful favour of an aboriginal renegotiation of CUSMA.

"There's been nary crushed for it, nary origin for it," helium said. "We should spell to 2026." (That's erstwhile the three-country North American commercialized statement comes up for a mandatory review.)

Singh said Canada should "fight back" to get tariffs removed. That sets the national NDP person isolated from different leaders (premiers Ford and Legault, travel connected down!) who person suggested the champion way retired of this commercialized warfare is, successful fact, an aboriginal renegotiation — ideally with the U.S. alone.

The car manufacture responds

On the taxable of retaliatory tariffs, we're starting to perceive from Canada's automotive industry, which is mostly concentrated successful Windsor, Ont. Earlier today, arsenic Jenna mentioned, the large assembly works tally by Stellantis paused its activities for 2 weeks, affecting astir 3,200 workers.

Now, the CEO of Global Automakers of Canada has made a connection connected the Canadian effect to U.S. car assemblage tariffs, urging the national authorities to instrumentality a fig of steps to soften the blow.

"The Government of Canada indispensable question to unafraid continued escaped commercialized question of vehicles and parts crossed North America done the ongoing implementation" of CUSMA," David Adams said successful the statement.

Adams is besides asking the authorities to intermission a fig of regulations, including electrical conveyance mandates and the luxury taxation connected vehicles implicit $100,000 earlier GST/HST. He besides called connected authorities leaders to consult the car manufacture earlier taking further commercialized enactment and successful immoderate renegotiation of CUSMA.

Eby says helium 'can't fathom' Western separatist mindset

The B.C. premier was besides asked astir ex-Reform person Preston Manning's op-ed arguing that a national Liberal triumph would substance a Western separatist movement.

“To person an op-ed astatine this infinitesimal that the way guardant is to interruption up the state is bizarre," Eby said, noting that helium has ne'er seen Canadian patriotism arsenic precocious arsenic it is now.

"I anticipation that Mr. Manning reconsiders his reintroduction into Canadian beingness with this peculiar proposal," helium said. "I conscionable can't fathom that mindset."

B.C. premier hopes Trump and Carney tin 'sit down similar adults'

I’m a newsman successful Prince George, B.C.

Premier David Eby is speaking to reporters for the archetypal clip contiguous since Trump announced his plans for worldwide tariffs.

He says he'll beryllium gathering with Carney erstwhile the Liberal person comes to British Columbia adjacent week.

Tomorrow, Eby volition beryllium successful Prince George to talk to leaders successful the struggling forestry manufacture — which is being deed by duties, acceptable to emergence aboriginal this year, connected its softwood utilized for gathering successful the United States.

Eby says he's gladsome to spot a displacement successful however the president is talking astir Canada and hopes it means "some stableness and yet grounds to beryllium down similar adults and travel to an statement astir however our 2 countries tin travel together."

However, helium cautions that the president tin marque a station connected Truth Social and propulsion everything into question astatine immoderate time.

Manitoba facing commercialized warfare ‘on 2 fronts,’ says premier

Like different Canadian provinces, Manitoba is staring down U.S. tariffs connected alloy and aluminum, and non-CUSMA-compliant goods.

But the state is besides dealing with tariffs connected pork and canola that were imposed by China, Manitoba Premier Wab Kinew reminded reporters successful Winnipeg.

“I stressed to the premier curate — and helium was precise receptive to this — that we’re inactive successful Manitoba facing a commercialized warfare connected 2 fronts,” said Kinew, who had a gathering with Carney and the different premiers past night.

Now that the tariffs are nary longer conscionable threats, there’s a “renewed” absorption among the Team Canada conjugation of national and provincial representatives, Kinew said.

“There’s a ton of unity among the premiers,” helium said. Kinew besides spoke with Poilievre today, which helium said helium did successful the involvement of fairness to Manitoba’s Conservative voters.

How Canada's retaliatory tariffs work, according to the PMO

Hello, I'm your day unrecorded leafage writer. We're getting immoderate much clarity connected however retaliatory car tariffs volition use from our Radio-Canada workfellow Laurence Martin successful Ottawa, who conscionable spoke with the Prime Minister's Office.

Here's however it works, according to what the PMO told her:

• A car is compliant with the Canada-U.S.-Mexico Agreement if astatine slightest 75 per cent of its parts are "North American."
• About 90 per cent of cars coming from the U.S. and Canada are compliant.
• Canada's counter-tariffs use to the parts of CUSMA-compliant cars that are American-made.
• So, if a car is 40 per cent "American," 40 per cent of it volition beryllium taxable to a 25 per cent levy.
• If an American car is not CUSMA-compliant, the 25 per cent tariff from Canada applies to the full car.
• An added precision from Radio-Canada's Yasmine Mehdi: Manufacturers volition beryllium expected to place the provenance and worth of each vehicle's components crossing into Canada, which the PMO acknowledged was a "heavy" process.

‘The U.S. can’t person its barroom and devour it too’

Hi, I’m elder concern analogous Peter Armstrong.

Global banal markets saw much than $2 trillion wiped retired arsenic investors reacted to Donald Trump’s sweeping caller tariffs. Markets were caught disconnected defender by however steep and however wide the tariffs were.

The sell-off highlights a cardinal question astatine the bosom of Trump’s commercialized policy. If Trump truly wants to upend planetary trade, is helium consenting to tummy the inevitable symptom that volition cause?

“The U.S. can’t person its barroom and devour it too,” says Karl Schamotta, main marketplace strategist astatine the fiscal services steadfast Corpay.

He says the U.S. built the planetary commercialized strategy implicit the past 70 years and has been its superior beneficiary.

“If you overturn that satellite order, you’re going to wage the cost,” says Schamotta. “The question is whether (Trump) volition person the tummy to instrumentality with it and withstand the governmental unit and antagonistic consequences that volition travel with (this policy).”

‘Everyone loses’ with tariffs

News of the U.S. tariffs is being met with interest and disorder by Americans I talked to successful Detroit contiguous — and immoderate apologies too.

I stopped radical connected the thoroughfare successful the downtown halfway and asked what they thought astir the commercialized warfare present underway.

Joe Rasoul said helium hopes Trump knows what he's doing, due to the fact that he's frightened of inflation.

"We whitethorn spot the semipermanent benefit, but successful the interim, I'm conscionable acrophobic that we'll spot a batch of backlash," helium said.

Jackie Riegling said she doesn't similar the tariffs, and what they person done to the Canada-U.S. relationship. "I consciousness that it's putting america astatine likelihood with our Canadian counterparts," she said. "It's tragic. It's heartbreaking."

Riegling said she thinks the accrued outgo of goods successful her state arsenic a effect of the tariffs volition deed lower-income Americans, who are already struggling.

Joel Kar is besides bracing for a much costly beingness successful America. "I don't recognize however radical tin perceive to Trump and deliberation that they're not going to wage more. I don't recognize it," helium said.

(Kar told maine he'll inactive portion Molson and Labatt beers and helium loves all-dressed murphy chips.)

Steve Lorey is likewise baffled by Trump's emotion of tariffs.

"They are terrible. They are unfounded. They are illogical. It's awful," helium said. "Everyone loses."

I asked him what he'd similar to accidental to Canadians today.

"I'm sorry. We've ever been champion friends,” helium answered. “I anticipation we tin get done this.”

Poilievre disagrees with Reform laminitis that voting Liberal volition spur Western secession

Hi, I’m a elder newsman with CBC’s Parliamentary bureau.

Former Reform Party person Preston Manning’s sanction inactive holds a batch of value successful immoderate blimpish circles — which is wherefore an sentiment portion helium wrote this week successful the Globe and Mail is raising eyebrows.

Manning argued a ballot for the Liberals “is a ballot for Western secession — a ballot for the breakup of Canada arsenic we cognize it.”

He suggested Western Canada, agelong angered by the Liberal’s earthy assets policies, "simply volition not basal for different 4 years of Liberal government."

"The adjacent premier curate of Canada, if it remains Mark Carney, would past beryllium identified successful the past books, tragically and needlessly, arsenic the past premier curate of a agreed Canada," wrote Manning, who led the Official Opposition successful the precocious 1990s.

When asked if agrees, Conservative Leader Pierre Poilievre — who has worked with Manning since helium was a teen — gave a elemental “no.”

"We request to unite the country. We request to bring each Canadians unneurotic successful a tone of communal ground,” Poilievre said during a run halt successful Kingston, Ont.

Poilievre's comments travel amid a renewed consciousness of patriotism and defence of Canadian sovereignty amongst voters successful the look of Trump’s commercialized war.