Mark Carney News

Subscribe to enjoy similar stories. When Canadian Prime Minister Mark Carney declared at Davos that middle powers should deepen their economic ties to navigate the era of great-power politics, India was already showing how it was done. After President Trump imposed 50% tariffs on India’s exports to the U.S., among the highest in the world last year, New Delhi powered ahead on trade deals with other economies, strengthening its hand in negotiations with the U.S.

In international relations, manifestly illegal government action can sometimes be morally defensible. While historical examples of legitimacy trumping legality are few and far between, they do exist.

Subscribe to enjoy similar stories. Even as US President Donald Trump imposes his will at home and abroad, there is talk about various stages of imperial decline and how the American Empire is now at one of its last few—fifth out of seven by one estimate. Empires as commonly understood were based on force and political control.

Subscribe to enjoy similar stories. About the author: Clifford Winston is a nonresident senior fellow at the Brookings Institution and author of Market Corrections Not Government Interventions: A Path to Improve the U.S. Economy. In 1977, a swashbuckling British entrepreneur named Freddy Laker launched the Skytrain, a no-frills, low-fare flight between London and New York.

Subscribe to enjoy similar stories. Panaji: Indian Oil Corp. plans to step up exploration and production activity in Canada and explore sourcing crude oil and liquefied natural gas from the country, as India and Canada move to rebuild strained diplomatic ties, chairman and managing director Arvinder Singh Sahney said in an interview.

Subscribe to enjoy similar stories. U.S. trading partners, feeling burned by an unpredictable and transactional White House, are reassessing China in a drive to lessen their longstanding reliance on America.

Subscribe to enjoy similar stories. More than three decades ago, the legendary Warren Buffett returned a call to a fact-checker, explaining what he meant when he used the term “elephant-bumping affairs." Buffett was gently deriding talkathons such as the World Economic Forum (WEF) and CEO summits hosted by business magazines. I was then working for Fortune magazine in New York and was the fact-checker Buffett called.

Subscribe to enjoy similar stories. Recently, Prime Minister Mark Carney of Canada delivered a talk on rupture to rapturous applause. At Davos, Carney’s attention-getting point was about the end of the international “rules-based order" and its replacement by “might is right." In his view, this rupture is real and irrevocable and demands both individual and collective action by “middle powers." Deservingly, he has been praised for his courage and clear-headed reading of realpolitik.

Subscribe to enjoy similar stories. At a time when the world appears increasingly fragmented, anxious and unsure of its economic direction, India’s presence at the World Economic Forum Annual Meeting 2026 in Davos carried a significance far beyond symbolism.

Subscribe to enjoy similar stories. In the year commemorating the 250th anniversary of the signing of the Declaration of Independence, it is supremely ironic that 2026 could also mark a similar declaration by America’s historically staunchest allies. “We are in the midst of a rupture, not a transition," Mark Carney, Canada’s prime minister, starkly told the World Economic Forum in Davos, Switzerland, this past week.

Subscribe to enjoy similar stories. OTTAWA–Canada and the Trump administration are locked in a war of words over Prime Minister Mark Carney’s bid to chart a new model for smaller powers to fight back against the U.S.’s aggressive use of its economic and military might. In the past week, Carney has resolved a trade dispute with America’s biggest strategic competitor, China, and delivered a speech at the World Economic Forum in Davos, Switzerland urging smaller powers to unite against economic coercion from the world’s great powers.

Subscribe to enjoy similar stories. Better late than never: One year into the second presidency of Donald Trump, the world has reached an inflection point, as Canada’s prime minister, Mark Carney, made explicit in his speech at an economic summit in Davos. Having tried and failed to appease Trump’s imperialist bullying, middle powers such as his own country must and will instead “act together, because if we’re not at the table, we’re on the menu." Acting together, Carney said, will take the form of “variable geometries." Countries, whether traditional friends or foes of the United States, may form ad hoc coalitions to pursue specific interests, trade pacts to replace commercial links to the US that Trump has damaged or severed, cooperation in new or existing multilateral forums or even new military alliances.

United States President Donald Trump Wednesday imposed reciprocal global tariffs on the trading partners that sent shock waves around the world and markets plunging.

Here is what some governments said about what they would — and would not — do in response. EUROPEAN UNION European Commission President Ursula von der Leyen said the EU is finalising a package of measures in response to U.S. tariffs on steel and is «now preparing for further countermeasures to protect our interests and our businesses if negotiations fail». Trump targeted the EU with a 20% reciprocal tariff. CHINA

Here is what some governments said about what they would — and would not — do in response. Read More:Trump's 26% tariffs put pressure on India. Is New Delhi ready for the impact? CHINA China's commerce ministry said Beijing «firmly opposes» the reciprocal tariffs and «will take countermeasures to safeguard its own rights and interests,» after Trump imposed a 34% reciprocal tariff on the country. JAPAN

Donald Trump and Prime Minister Mark Carney on Friday had a phone conversation that both men described as productive, although the Canadian leader said Ottawa would be imposing retaliatory tariffs next week as promised The call was the first contact since Carney won the leadership of Canada's ruling Liberals. He has called Trump's tariff threats a betrayal of a once close economic and security relationship. «It was an extremely productive call, we agree on many things, and will be meeting immediately after Canada's upcoming Election to work on elements of Politics, Business, and all other factors,» Trump wrote on Truth Social. Trump's tariff announcement is expected on April 2. Ottawa has made clear for months that it will impose countermeasures. The US and its northern neighbour have long been close allies and trading partners. But relations deteriorated after Trump upended the relationship with tariff threats and repeated comments about annexing the country. US inflation, consumer spending up

Poll after poll shows angry Canadians are on board when it comes to retaliating against United States President Donald Trump‘s tariffs.

If it’s built by Canadian workers on Canadian docks, it should be made with Canadian steel and aluminum.

Liberal Leader Mark Carney is set to have his first phone conversation with United States President Donald Trump in the coming days, and Trump’s commerce secretary said Canada may get some reprieve from automobile tariffs.

Former Bank of Canada governor Stephen Poloz says we are “seriously outgunned” by the Americans in a trade war, arguing Canada will still need the United States down the road.

Canada and the United States «is over,» Prime Minister Mark Carney said Thursday, after President Donald Trump announced steep auto tariffs. Trump's planned 25 percent levy on vehicle imports to the United States is to come into force next week and could be devastating for a Canadian auto industry that supports an estimated 500,000 jobs. After Trump's announcement, Carney paused his campaign ahead of Canada's April 28 election to return to Ottawa for a meeting of cabinet members working on tactics in the trade war with the United States. He called Trump's auto tariffs «unjustified,» and said they were in breach of existing trade deals between the countries. He also warned Canadians that Trump had permanently altered relations with the United States and that, regardless of any future trade deals, there would be «no turning back.»