Canadian Prime Minister Mark Carney made it known that President Donald Trump’s sweeping tariffs have soured relations to the point of no return as he announced Canada’s retaliatory tariffs against the U.S.
“The global economy is fundamentally different today than it was yesterday,” said Carney, an economist who previously led the Bank of Canada, in an address to reporters on Thursday.
Trump’s Wednesday “Liberation Day” tariff announcement marked an escalatory step toward what economists fear could be trade war, reported CNN. In addition to a universal 10% tariff on all U.S. imports, Trump imposed a range of reciprocal tariffs on trade partners.
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