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In this clip from a national address made on Tuesday, Prime Minister Mark Carney explained why trade talks between Canada and the U.S. broke down at the “eleventh hour,” arguing that the U.S. had asked for far too much. “The most fundamental issue is that the cumulative U.S. demands revealed that they wanted us to become even more reliant on them, not less,” he said. He also outlined why Ottawa is moving ahead with retaliatory tariffs on a wide range of American goods, which took effect Tuesday.
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President Trump is rolling back tariffs on furniture, kitchen cabinets and vanities, delaying higher tariff rates on those goods that were set to take effect on Jan. 1. Meanwhile, insurance subsidies that have helped millions of Americans pay for health coverage expired when 2025 ended on Wednesday, raising costs for over 20 million Americans. ABC News' Selina Wang reports. #trump #economy #health #news #abcnews
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President #Trump suggests that Americans ought to be able to make do with fewer common goods, like dolls or pencils, saying,
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