Mark Carney … a banker leads the Canada government against Trump

Mark Carney was chosen to succeed Justin Trudeau at the head of the Canadian Liberal Party, and to take over the presidency of the government, in unprecedented political and economic conditions, where Canadians occupy more to circumvent the battle of US President Donald Trump towards their country, both at the political level, as it threatens to include Canada for the United States, or at the economic level where Trump targets Canada with huge commercial fees And retaliatory measures.

Carne, who got before his election, last Sunday, to succeed Canadian Prime Minister Justin Trudeau, the support of 25 ministers and 60 parliamentarians, who presents himself as the most capable of facing the state of uncertainty resulting from the US President’s threats to impose customs duties.
After his election, on Sunday evening, as Prime Minister of Canada, the former banker who has never assumed political responsibility in his country said in the victory speech that “the Americans want our country,” adding: “We cannot allow Trump to win,” stressing Canada’s need to build a strong economy and establish new trade relations.

The trade war escalated on Tuesday evening between Trump and Canada, but the White House said yesterday that Trump dismissed the doubling of customs duties on Canadian imports of steel and aluminum to 50 percent, after talks between the two countries.

Earlier, Trump announced a temporary comment until April 2, on the newly imposed fees on most commodities from Canada and Mexico by 25%, in a surprising step that contradicts his previous positions, which negatively affected the markets. Nevertheless, US pressure continues to continue on Canada regarding the fight against smuggling of the drug of fentanel, amid major disputes over the inter -trade negotiations between the two countries.

Anti -customs measures

In his endeavor to succeed Justin Trudeau at the head of the Canadian Liberal Party and the Prime Minister, in the context of the campaign to head the ruling party, Kareni promised to support counter -measures in the face of the customs duties imposed by Trump on Canada.

He sent messages of reassurance to the Canadians about his way in future dealing with what Justin Trudeau called “the existential challenge” associated with the threats of the American President, but he did not lose sight of other preoccupations that haunt Canadians such as high housing prices and widespread commodity prices and difficulties faced by the health system. He pledged to reduce taxes on the middle class and cancel the tax increase on capital profits, at the same time committed to controlling public expenditures with the aim of reaching the balance of repeated expenses.

Reducing the crisis of the cost of living

Carney notes that mitigating the crisis of living and housing will pass by placing a migration roof to return to the levels it was before the health crisis. He is looking to compensate for the carbon tax with a green incentive program and increase support in order to purchase electric vehicles, while developing energy infrastructures in order to become less dependent on foreign suppliers and the United States of America. He also expressed the desire to reach the goal of NATO to allocate 2% of the GDP of military expenditures as of 2030.

He sent messages of reassurance to the Canadians about the way he used in the future with what Justin Trudeau called “the existential challenge” associated with the threats of the American President

Carney saw the light 59 years ago in a small city in the Four Smith area, and he grew up in Edmonton in the Alberta area, where his parents were working in education. Diana Carne’s economy married and provided her with four daughters.

Former governor of Canada and England

Many evoke his experience as governor of the Central Bank of Canada between 2008 and 2013, and the governor of the Central Bank of England between 2013 and 2020, and even has worked since the last year as an adviser to Canadian Prime Minister Trudeau on economic issues, before he became at the end of last year, a special advisor and head of a working group on economic growth.
This came after a long path, during which Kareni has long experience with global economic issues. Harvard Oxford graduates worked at the Ministry of Finance in 2004, served as a general manager of Goldman Sachs, and joined the Board of Directors of the World Economic Forum Foundation.
Observers in his country seen him that he has a great experience in managing crises, referring to his decisions when he was the governor of the Canadian Central Bank during the global financial crisis, as he initiated one month after assuming the order of this institution to reduce interest rates. Observers are referring to his positions when he took over the central bank’s order in England, despite his involvement in defending “Brexit”, but he warned of the economic repercussions of Britain’s exit from the European Union.