Trump's 'tariff thrashing' stimulates crisis response from Canada

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Trump's 'tariff thrashing' stimulates crisis response from Canada - Business Standard

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Canadian officials have countered by pointing to US data that suggests Canada is only a very minor source of the fentanyl that’s making it into the US, and saying they’re taking strong measures to crack down on the drug.

One government official, speaking on condition they not be named, said they believed Trump’s move is a clear violation of the US-Mexico-Canada trade deal that he signed in 2020, and that Canada is considering its legal options.

Punched by its big brother for no damn good reason,” Bank of Nova Scotia economist Derek Holt wrote in a report titled “The Saturday Night Tariff Thrashing.” Relations between the two longtime allies have “sharply deteriorated in breathtaking fashion that I certainly haven’t seen in my life or 30-year career,” he said.