Economy

Carney Warns: Trump's Economic Strategies Could Elevate US Inflation Rates

Canadian Leader Comments on Trump's Policies

Following a recent phone conversation with US President Donald Trump, Canadian Prime Minister Carney acknowledged Trump's respect for Canada's sovereignty in both private and public remarks.

Potential Economic Impacts Highlighted

Carney expressed concerns that Trump's policies might not only decelerate economic growth but also potentially increase inflation within the United States. He noted the absence of any assurances from Trump regarding the reduction of tariffs on key imports such as autos, steel, and aluminum.

Future Trade Talks Remain Uncertain

The Prime Minister also touched upon the ambiguity surrounding future trade discussions between the US, Canada, and Mexico, emphasizing his preference for Mexico's inclusion in any forthcoming negotiations.