Official announcements from the Canadian government or statements from Dominic LeBlanc

Freeland Resigns Over Trump Tariff Clash, LeBlanc Named New Finance Minister

Dec 16, 2024, 07:47 PM

Chrystia Freeland, Canada's Deputy Prime Minister and Finance Minister, resigned from her cabinet position on Monday following a dispute with Prime Minister Justin Trudeau over economic policy, particularly concerning how to address potential U.S. tariffs under President-elect Donald Trump. Freeland's resignation letter highlighted her disagreement with Trudeau's recent fiscal measures, which she described as 'costly political gimmicks' that Canada could 'ill afford' amidst the looming threat of a 25% tariff from the U.S. Trudeau had offered Freeland another cabinet role, but she chose to resign, stating that the only 'honest and viable path' was to leave the cabinet. Her departure has raised questions about Trudeau's leadership and the stability of his government, especially as the Liberals face declining popularity and calls for an election from opposition parties. Trudeau has appointed Dominic LeBlanc as the new Finance Minister, signaling a potential shift in economic strategy.