- In the CEO today: Diane Brady talks to the Minister of Transport and Internal Trade in Canada, Craysta Frayland about preparing for the upcoming commercial war.
- The big story: The White House leaked by mistakes for plans for a military strike on Yemen in a set of signals with the editor -in -chief of the Atlantic Ocean.
- Markets: Danger!
- Analyst notes From jpmorgan and Ey At the risk of recession, Convera of the Dollar, and Goldman Sachs on stocks.
- plus: All news and water chat from luck.
Good morning. Business leaders are preparing for definitions, but they are still struggling to know that How exactly they look like. President Trump tax by 25 % on the goods from Canada and Mexico, for example, entered into force on March 4, Only to stop it for many products Two days later. This delay ends on April 2, but regardless of what Trump decides, other countries are already planning. For a better feeling of a kind of executives of the international environment that must be expected to move forward, I spoke with Chrystia Freeland, Minister of Transport and Internal Trade of Canada, who joined us last week at the Fortune CEO dinner in New York.
Frieland currently works during the era of Prime Minister Mark Carne, who just called National elections on April 28. But before that, she was the Deputy Prime Minister and Minister of Finance during the reign of Justin Trudeau, and helped negotiate the United States and Mexico-Indari Agreement (USMCA). Breaking it with Trudeau about what to do about Trump’s “serious” tariff threats led her to do so Leave his government In December, he finally helped spark His private resignation Announcement in January.
Freeland told me that the war of tariffs against Canada has reinforced the removal of commercial barriers between provinces. “We do not have a single Canadian economy; we have 13 economists,” she said, saying that getting rid of such divisions can add 4 % to the country’s gross domestic product. “We are designers,” added. “I expect to accomplish it by July 1,” which, of course, is Canada’s day.
In this context, the Canadian national government He announced on March 21 It will invest 175 million dollars over the next five years to support operations and maintain the activities of Hudson Bay Railway and Pre -Development Activities in the Churchill Port in northern Manitoba. Objective: Increasing the infrastructure and transportation corridor through northern societies. The government also signed a high -speed railways between Quebec and Toronto.
Frieland stressed that the Canadians feel deep treason due to Trump’s commercial policies and its threats to include the country As country 51Noting that these problems prompted the elections later this spring.
“President Trump raised politics in our country,” she said. “The next Prime Minister of Canada will be elected based on the Canadians’ perception of those who can face this challenge.”
“We want to have a good and respectful relationship. There is a real possible victory, and it will be great to return to it.”
More news below.
Call the executive daily via Diane Brady at [email protected]
This story was originally shown on Fortune.com
https://fortune.com/img-assets/wp-content/uploads/2024/04/GettyImages-1481707707-e1713352528425.jpg?resize=1200,600
Source link