Trump warns Carney of economic backlash in trade spat: What to know
Trump apparently issued a warning to Canada signaling that its economy might be on the brink of collapse
On Thursday, President Donald Trump warned Canadian Prime Minister Mark Carney of potential economic impacts as tensions between the two nations continued to escalate.
In a recent post on Truth Social, Trump warned that portraying him as the enemy would backfire on Carney once Canada’s economy begins to falter after the US 50% duties on $20 billion in Canadian goods.
Canada plans countervailing measures on US steel, and electronics starting September 8, as Carney rallies support by framing the retaliatory tariffs as defense against threats to Canadian sovereignty and jobs.
Both sides exchange clashes over long-standing trade deficits with observers watching if intentions lead to more escalation.
Earlier, Canadian Prime Minister Mark Carney faced a crucial test after walking away from a deal with Donald Trump-a decision that could have significant consequences for Canada-US relations and ongoing negotiations.
Donald Trump also has lashed out after trade talks with Canada broke down, escalating trade tensions between both nations.
In his first official remarks after Friday’s deadlock in Washington, the US president wrote on social media: “Canada wants the benefits of being a State, without being one!”
“They have also charged our great farmers, for many years, massive amounts of tariffs,” No more!
