Trump Keeps Options Open on Recession While New Canadian PM Mark Carney Pledges to Win Trade War: Live Updates

Donald Trump does not dismiss the potential for a recession in Fox News interview

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During the weekend, Donald Trump indicated that he could not dismiss the prospect of a recession resulting from unpredictability related to his tariff disputes with the U.S.’s major trading partners such as Canada and Mexico.

“I hate to forecast such matters,” the president expressed to Maria Bartiromo on Fox News’s Sunday Morning Futures when questioned about the risk. “There is a transition period.”

Meanwhile, Mark Carney, the ex-governor of the Bank of England, emerged victorious in the race to become Canada’s new prime minister and leader of the Liberal Party last night, promptly vowing to confront Trump in a trade conflict. In his acceptance speech, he urged unity within the country.

After defeating former finance minister Chrystia Freeland, Carney criticized Trump’s approach to tariffs, stating: “The Canadian government justifiably retaliated with our tariffs. We will maintain our tariffs until respect is shown to us by the Americans.”

“We did not seek this confrontation. However, Canadians are always ready to stand firm when challenged. Let there be no doubt, Canada will prevail.”

He further accused the American administration of “attacking Canadian families” and attempting to “undermine the Canadian way of life.”

Watch: Carney refers to Trump as the ‘greatest crisis of our lifetime’

This might have been the new Prime Minister’s standout remark of the evening.

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Canada’s newly appointed PM labels Trump tariffs as ‘the greatest crisis of our lifetime’

Mark Carney, the former governor of the Bank of England, has been appointed as Canada’s prime minister succeeding Justin Trudeau ahead of the upcoming general election. Assuming office with the task of steering through a potential trade war with the U.S., Mr. Carney characterized Donald Trump’s tariff threats as “the greatest crisis of our lifetime.” In his inaugural address to the Liberal party, he stated: “We didn’t choose this fight. Yet Canadians are always ready to respond when confronted. Canada will undoubtedly come out on top.” He also criticized opposition leader Pierre Poilievre, accusing him of “idolizing Donald Trump.” The new PM pledged “dollar-for-dollar retaliatory tariffs” and called for a united Canada while echoing the phrase “Canada strong” repeatedly throughout his speech.

Joe Sommerlad10 March 2025 09:40

New Canadian PM Mark Carney pledges to combat U.S. trade war ‘until Trump acknowledges respect’

The former Bank of England governor successfully ran to succeed Justin Trudeau as Canada’s premier and leader of the Liberal Party on Sunday, swiftly committing to challenge Trump and rallying the nation in a resolute acceptance address.

Carney, who will soon be affirmed as Trudeau’s successor, was elected amidst heightened tensions with the U.S. surrounding tariffs.

After overcoming competition from former finance minister Chrystia Freeland with a staggering 85.9 percent of the votes from 150,000 Liberal Party members, Carney criticized Trump for “attacking Canadian families” and aiming to “destroy the Canadian way of life.”

Here’s a complete report from Alexander Butler.

Joe Sommerlad10 March 2025 09:20

Donald Trump does not dismiss recession risks amid trade war uncertainties

The president stated on Sunday that he could not dismiss the chance of a recession being set off by uncertainty tied to his tariff disputes with the U.S.’s primary trading partners such as Canada and Mexico.

“I hate to predict scenarios like that,” Trump mentioned to Maria Bartiromo on Fox News’s Sunday Morning Futures when asked about the possibility.

“We are undergoing a transition phase.”

Encouraging Americans to adopt a long-term perspective of his initiatives to reshape U.S. trade policy, Trump highlighted the alleged “100-year outlook” of the economic and political strategists in China.

“Tariffs may increase as time progresses, and they are likely to rise,” he added.

These comments followed a turbulent week filled with erratic tariff announcements, where Trump initially enforced a 25 percent tariff on Canadian and Mexican imports before postponing the implementation by one month and simultaneously announcing a doubling of the existing 10 percent tariffs on China, inciting inevitable backlash and unsettling the markets.

Here’s more from John Bowden.

Joe Sommerlad10 March 2025 09:00

Rubio and Musk criticize Polish foreign minister in dispute over Starlink deployments in Ukraine

The leading diplomat of the Trump administration joined DOGE founder Elon Musk in a confrontation with Poland’s foreign minister on Sunday as the three engaged in disputes regarding Musk’s Starlink system and its applications in Ukraine.

This incident is the latest example of American foreign relations devolving into a blame game, with Marco Rubio reiterating the White House’s stance that Europe has not shown sufficient appreciation and gratitude after three years of U.S. support for Ukraine’s defense.

John Bowden reports from Washington, D.C.

Trump and Cuomo join ranks with other politicians who have ‘bounced back’ from career threatening incidents

“Our nation stands on the cusp of a resurgence the likes of which the world has never seen, and perhaps will never see again.”

Oliver O’Connell10 March 2025 07:00

Editorial: Vladimir Putin emerges as the sole victor in Donald Trump’s precarious intelligence strategy

From The Independent’s editorial team:

With Russia regaining territory in Kursk, it is imperative for Keir Starmer and other European leaders to take swift action.

Alex Woodward10 March 2025 06:00

ICE agents detain leader of Columbia pro-Palestine demonstrations in front of heavily pregnant spouse

Agents from Immigration and Customs Enforcement arrested a recently graduated leader of the Palestine solidarity protests at Columbia University on Saturday, according to his attorney and fellow student activists, raising alarms of a long-anticipated federal crackdown on campus activists.

Mahmoud Khalil, who identifies as Palestinian, had just entered the lobby of his university-affiliated apartment building near the New York campus when agents approached him and his wife, who is eight months pregnant, asking for his identification and informing him he was under arrest due to the State Department revoking his student visa.

Josh Marcus provides the details.

Oliver O’Connell10 March 2025 05:30

DOJ launches investigation into rising egg prices

Per the Wall Street Journal, the Justice Department sent communications to egg companies directing them to retain documentation regarding their pricing interactions with customers and rivals, alongside conversations with Expana, formerly Urner Barry, a U.S. publisher that monitors an egg price index.

The department has suggested that federal investigators intend to examine company discussions concerning egg production and bird flu outbreaks.

Michelle Del Rey has the complete report.

Oliver O’Connell10 March 2025 04:30

ICYMI: Trump administration aims to sell hundreds of federal properties

The Trump administration has classified the headquarters of numerous cabinet departments and federal courthouses nationwide as surplus properties eligible for sale.

A webpage managed by the General Services Administration—the agency in charge of overseeing government office spaces—now lists “buildings and facilities that aren’t central to government operations,” which includes the headquarters of the Department of Justice, the Federal Bureau of Investigation, and the federal courthouse in Los Angeles, the second-largest city in America.

Andrew Feinberg has the details.

Oliver O’Connell10 March 2025 03:30

Trump’s Scottish golf resort defaced over plans for ‘ethnic cleansing in Gaza’

The golf facility in South Ayrshire, owned by the president, was targeted overnight on Friday, with activists spray-painting “Gaza Is Not 4 Sale” in letters almost 10 feet tall across the lawn and damaging the greens, including the course’s most renowned hole, which has hosted Open Championships.

Red spray paint was utilized to deface the clubhouse at the 800-acre resort.

Oliver O’Connell10 March 2025 01:30