Mark Carney, prime minister-designate, has expressed willingness to renegotiate a trade deal with Donald Trump, provided Canadian sovereignty is respected. His remarks came as Canada imposed C$29.8 billion (£16 billion) in retaliatory tariffs on US imports after Trump enacted 25% tariffs on steel and aluminium. Trump has justified the move as a national security measure, aiming to bolster domestic industries. However, Carney condemned the tariffs as ‘unjustified’, warning of economic instability. Canada, the largest foreign supplier of these metals to the USA, is heavily impacted. Ottawa’s retaliatory tariffs include steel, aluminium, and other goods, with more measures set to take effect. The Bank of Canada has cut interest rates to 2.75% to cushion the economic fallout. Meanwhile, the EU has taken strong retaliatory measures against Trump’s tariffs coming into effect: see