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Mark Carney, newly sworn in as Canada’s 24th prime minister, will run for a seat in Nepean as he triggers an early election amid a trade war with the U.S. and rising Canadian nationalism. His main challenger, Conservative leader Pierre Poilievre, faces a shifting political landscape influenced by U.S. President Trump's threats. The election, set for April 28, will determine control of the House of Commons and the future direction of Canadian politics.
Mark Carney, newly sworn in as Canada’s 24th prime minister, will run for a seat in Nepean as the Liberal Party faces a challenging election amid a trade war with the U.S. and rising Canadian nationalism. His main opponent, Conservative leader Pierre Poilievre, aims to capitalize on discontent with the previous administration. The election, set for April 28, will determine control of the House of Commons and the future direction of Canadian politics.
Elon Musk's political activities are reportedly impacting Tesla's sales, with a 76% drop in vehicle registrations in Germany and a 50% decline in the European Union. Consumer trust in the brand has waned, as evidenced by a Goldman Sachs forecast lowering first-quarter sales expectations. Additionally, used Tesla prices in the U.S. have fallen significantly, reflecting a challenging market environment.
The U.S. has imposed high tariffs on imports from Mexico and Canada, escalating trade tensions and prompting retaliatory measures from both countries. Canada announced immediate tariffs on $20.7 billion of U.S. goods, while China responded with tariffs on U.S. agricultural imports. Economists warn that these actions could lead to higher consumer prices and significant economic repercussions.
Warren Buffet has labeled President Trump's new tariffs on Canada and Mexico as "an act of war," emphasizing that American consumers will ultimately bear the cost. In response, Canadian Prime Minister Justin Trudeau announced retaliatory tariffs on $155 billion of U.S. goods, while Mexico prepared contingency plans. The tariffs, affecting over $918 billion in imports, are expected to disrupt trade relations and increase prices for American consumers.
Warren Buffett has labeled tariffs as an "act of war," warning that they ultimately act as a tax on consumers, raising prices without clear benefits. His comments come as the Trump administration imposes a 25% tariff on imports from Canada and Mexico, prompting retaliatory measures from both countries and escalating trade tensions. Meanwhile, China has also announced additional tariffs on American agricultural products in response to the U.S. trade actions.
President Trump has implemented new tariffs, imposing a 25% duty on imports from Canada and Mexico and doubling tariffs on Chinese goods to 20%, igniting trade conflicts with major partners. Canada and Mexico are poised to retaliate, while China has announced additional tariffs on U.S. agricultural products. The tariffs threaten to disrupt the integrated North American economy, raising concerns about potential recessions and job losses.
The Australia 200 index fell 58 points (-0.70%) to 8187 amid escalating trade tensions, hitting a seven-week low of 8150.2 before some buying emerged. The US economy faces challenges as manufacturing PMI declines, while Australian GDP forecasts improve, suggesting resilience despite the trade war. In the energy sector, crude oil prices dropped 2% as OPEC plans to increase supply, impacting stocks like Beach Energy and Santos. The mining sector also suffered, with iron ore prices falling below $100, affecting companies like Mineral Resources and Fortescue.
Warren Buffett criticized President Trump's sweeping tariffs on Canada, China, and Mexico, labeling them an "act of war" that could raise consumer prices. In response, Canada plans to impose 25% tariffs on $155 billion of American goods, while Mexico prepares countermeasures. Trump also increased tariffs on China from 10% to 20%, prompting Beijing to warn of retaliatory actions.
Mike Myers made a notable appearance on Saturday Night Live, wearing a T-shirt that read “Canada Is Not for Sale,” a response to Donald Trump’s comments about Canada becoming the U.S.'s “51st state.” During the show, he emphasized the message by pointing to the shirt and using the phrase “elbows up,” a rallying cry for Canadians amid concerns over Trump's proposed tariffs. Myers also spoofed Elon Musk in the episode's cold open, further showcasing his comedic talent while standing up for his home country.
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