Chrystia Freeland officially launches her campaign to become the leader of the Liberal Party and Prime Minister of Canada, outlining her plan to counter President-elect Trump's potential tariffs on Canadian goods.
Less than five weeks after resigning from her cabinet position amidst a disagreement with Prime Minister Justin Trudeau , Chrystia Freeland has formally launched her campaign to lead the Liberal party and become the next Prime Minister of Canada. Freeland's official campaign kickoff is scheduled for Sunday in Toronto, but she took to social media on Friday to announce her candidacy. \Freeland expressed her intentions in a post on X, stating, 'I'm running to fight for Canada.
' She further elaborated on her platform in an op-ed published in the Toronto Star, outlining her strategy to counter U.S. president-elect Donald Trump's potential imposition of tariffs on Canadian goods. Trump has threatened to implement a 25 percent tariff on all Canadian imports upon assuming office on Monday.\Freeland proposed a retaliatory measure of a dollar-for-dollar tariff response, highlighting its potential to generate up to $150 billion in annual revenue for the Canadian government. This revenue could be utilized to support individuals and businesses negatively impacted by U.S. tariffs. Freeland emphasized the significance of Canada as America's largest export market, surpassing China, Japan, the U.K., and France combined. She warned that a retaliatory response from Canada would constitute the most substantial trade blow the U.S. economy has ever experienced. Freeland played a crucial role in addressing Trump's tariffs during his first term as President. As the Minister of Foreign Affairs, she spearheaded a dollar-for-dollar tariff countermeasure against Trump's imposition of import taxes on Canadian steel and aluminum in 2018. Freeland's abrupt resignation as Finance Minister and Deputy Prime Minister in December stemmed from her conflict with Trudeau regarding government spending decisions and the need to maintain fiscal reserves in anticipation of potential retaliatory tariffs from Trump. \In her resignation letter, Freeland underscored the gravity of the tariff threat, emphasizing the importance of preserving fiscal resources to effectively respond to a potential trade war. Freeland and former Bank of Canada Governor Mark Carney stand out as the most prominent contenders in the race to become Prime Minister. Carney launched his campaign in Edmonton on Thursday, pledging to prioritize the economic recovery of Canada. He also committed to repealing the federal carbon tax if elected Liberal leader, proposing to replace it with a comprehensive plan to be unveiled in the coming weeks. Although Carney is not a member of Parliament, he could serve as Prime Minister without a seat in the House of Commons. He stated that he intends to become an MP but did not disclose his potential riding
Chrystia Freeland Liberal Party Justin Trudeau Donald Trump Tariffs Canadian Economy Mark Carney Leadership Race Canadian Politics
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