Canada can work with US President Donald Trump’s administration to reshape global trade and weaken China’s dominance of supply chains, according to Chrystia Freeland, the Canadian politician who’s vying to replace Justin Trudeau as prime minister.

US President Donald Trump is trying to create uncertainty in his trading partners to knock them off-balance and weaken their negotiating position on trade, Canadian Prime Minister Justin Trudeau said.

Chrystia Freeland sent shockwaves through Canada when she resigned as Prime Minister Justin Trudeau’s Finance Minister in December. Her public resignation letter blasted Trudeau for not doing enough to prepare for the second Trump administration.

A key candidate running to replace Justin Trudeau as Canada’s prime minister is calling for an international summit to hammer out a joint response to US President Donald Trump’s tariff and sovereignty threats.

Chrystia Freeland sent shockwaves through Canada when she resigned as Prime Minister Justin Trudeau’s Finance Minister in December. Her public resignation letter blasted Trudeau for not doing enough to prepare for the second Trump administration.

Chrystia Freeland would drop the Canadian government’s policy of raising the capital gains inclusion rate if she wins the race to replace Justin Trudeau as prime minister, according to a person with knowledge of her plan.

Kraft Heinz Co. said it’s “deeply disappointed” in Justin Trudeau after the Canadian prime minister threw a metaphorical tomato at the food manufacturer while discussing trade relations with the US.

The senior ranks of Prime Minister Justin Trudeau’s cabinet have made their choice on who they believe should replace him as Canada’s prime minister — and they’re throwing their weight behind Mark Carney.

President Donald Trump is poised to unleash his first wave of tariffs Saturday, sending foreign governments and businesses rushing to skirt potential duties and prepare for retaliation.

“The US will be more impacted from 25 per cent tariffs, and it goes against Trump’s plan to reduce oil prices,” said Soni Kumari, a commodity strategist at ANZ Group in Bengaluru. “We expect oil price to trade in a tight range until the market gets clarity.” – Bloomberg

Oil climbed as US President Donald Trump reiterated plans to impose tariffs against Canada and Mexico from Saturday, although crude flows may be exempted from the levies.Most Read from BloombergManhat

President Donald Trump said he would follow through on his threat to impose 25% tariffs on imports from Canada and Mexico on Feb. 1, citing the flow of fentanyl and large trade deficits as among the reasons for his decision.