Trump’s tariffs will fundamentally change global trading system: Carney

WASHINGTON — Prime Minister Mark Carney said Donald Trump’s tariff regime will “fundamentally change the global trading system” after the U.S. president exempted Canada from his so-called “liberation day” tariff list unveiled on Wednesday.

“In a crisis, it’s important to come together and it’s essential to act with purpose and with force, and that’s what we will do,” Carney said in Ottawa on Wednesday.

Trump announced a 10 per cent baseline tariff on imports from most countries and higher duties on dozens of nations he said run trade surpluses with the U.S. Those higher tariffs include a 20 per cent levy on imports from the European Union, a 25

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