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Carney warns of ‘tough days ahead’ as tariffs make U.S. recession ‘likely’
Donald Trump’s latest round of tariffs is only a few days old, but the havoc they’re already exerting on the global economy points to upcoming “pressure” on Canada’s employment levels, Liberal Leader Mark Carney is warning. Wednesday’s announcement of new tariffs on imports into the United States from dozens of countries — along with starting the 25 per cent levy on “all foreign-made” vehicles — brought “greater certainty,” Carney said Saturday, about both the U.S. president’s ambitions for tariffs and the repercussions for Canada. “We can expect pressure on employment in this economy,” he said during a campaign stop inRead more