BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.38 Increased By ▲ 0.06 (0.95%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.55 Increased By ▲ 0.10 (0.16%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 5.91 Increased By ▲ 0.19 (3.32%)
FCCL 61.71 Increased By ▲ 0.17 (0.28%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.32 Decreased By ▼ -1.96 (-1.12%)
NCPL 51.83 Decreased By ▼ -0.94 (-1.78%)
NPL 54.03 Decreased By ▼ -0.09 (-0.17%)
OGDC 315.87 Increased By ▲ 2.48 (0.79%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.58 Decreased By ▼ -0.22 (-0.61%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.07 Increased By ▲ 4.26 (1.92%)
PRL 80.28 Increased By ▲ 1.20 (1.52%)
PTC 46.64 Decreased By ▼ -0.21 (-0.45%)
SSGC 23.82 Decreased By ▼ -0.05 (-0.21%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TPL 24.54 Decreased By ▼ -0.57 (-2.27%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 25.98 Decreased By ▼ -0.27 (-1.03%)
TRG 53.33 Decreased By ▼ -0.11 (-0.21%)
World

Canada deputy PM quits over rift with Trudeau on Trump tariffs

Published Updated
Canada’s Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada December 3, 2024. Photo: Reuters
Canada’s Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada December 3, 2024. Photo: Reuters
By

OTTAWA: Deputy Prime Minister Chrystia Freeland in a surprise announcement on Monday quit over disagreements with Justin Trudeau on Canada’s response to US President-elect Donald Trump’s tariff threats.

“Our country today faces a grave challenge,” Freeland, who also served as finance minister, said in a letter posted on X, pointing to Trump’s planned 25 percent tariffs on Canadian imports.

“For the past number of weeks, you and I have found ourselves at odds about the best path forward for Canada,” she added.

First elected to parliament in 2013, Freeland joined Trudeau’s cabinet two years later when the Liberals swept to power, overseeing several key posts including as trade and foreign minister, and leading free trade negotiations with the EU and United States.

Canada says it will respond robustly if US imposes tariffs

But she said in her resignation letter Trudeau wanted to shuffle her to another job, to which she said: “I have concluded that the only honest and viable path is for me to resign from the cabinet.”

As finance minister, Freeland explained the need to take Trump’s tariffs threats “extremely seriously.”

“That means keeping our fiscal powder dry today, so we have the reserves we may need for a coming tariff war. That means eschewing costly political gimmicks, which we can ill afford and which make Canadians doubt that we recognize the gravity of the moment.”

Canada’s main trading partner is the United States, with 75 percent of its exports going to its southern neighbor.

Comments

Comments are closed for this article.