Mark Carney has been sworn in as Canada’s 24th prime minister, bringing the former central banker to power in the middle of an explosive trade war with the US.

By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -Ex-central banker Mark Carney was formally sworn in as prime minister of Canada on Friday, putting him in a position to fight tariffs from U.S.

President Trump says the disruption caused by the tariffs "won't be long." NBC News' Aaron Gilchrist has the latest reporting. New York Times chief White House correspondent Peter Baker and MacroPolicy Perspectives LLC founder Julia Coronado join Chris Jansing to explain more on the potential economic impact of a trade war.

Bottles of Champagne are for sale at a wine dealer shop as President Donald Trump threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned tariff on American whiskey, Thursday, March 13, 2025 in Ville d'Avray, outside Paris.

The Dow Jones and S&P 500 tumbled on Thursday, deepening losses suffered since the outbreak of a trade war set off by President Donald Trump's tariffs.