Category World News

With upcoming trade and tariff negotiations likely to rule his position, Canada has appointed former BlackRock executive Mark Wiseman as its new ambassador to the US.

According to Mark Carney, the prime minister of Canada, Wiseman would assist in managing the country’s turbulent relationship with the US, which has become strained as a result of President Donald Trump’s tariffs.

Mr. Wiseman will play a key role in the government’s efforts to advance Canada-US goals, including secure borders, and strengthened trade and investment relationships, according to Carney.

After the US launched a trade war against Canadian goods, which was widely perceived as an act of economic hostility against a long-time ally, relations between the nations have become somewhat normal.

The Trump administration has imposed a number of tariffs on Canada, including a blanket 25% tariff on fentanyl for allegedly preventing migration and fentanyl flow from the country.

Despite the fact that only a small portion of the fentanyl smuggled into the US crosses the US-Canada border, data indicates that.

Following that, the US imposed severe tariffs on imports of cars, steel, and aluminum, which disproportionately affected Canada.

Trump and Carney, who were elected on a promise to take a tough stance in the face of US threats, came to terms with a backlash in August to some of the measures. A more in-depth agreement is still elusive.

Trump has also stoked controversy by repeatedly proposing that Canada should be the 51st state in the US, a position Carney has vehemently opposed.

As officials attempt to renegotiate the terms of the US-Mexico-Canada free trade agreement, also known as the USMCA, tensions may resurface in the coming months.

In the middle of January, Canadian officials are scheduled to start talking about the USMCA, which currently exempts a number of important products from tariffs under Trump’s policies.

With nearly $2.7 billion in goods and services crossing the border each day, Canada is the top export destination for 36 US states.