‘We’re going to hit back’ — Canada does what many other U.S. allies have avoided: risk economic pain rather than yield to tariff pressure
Carney said Washington introduced language in the final hours of negotiations that would have restricted Canada’s ability to make trade deals with other countries.
Carney said Washington introduced language in the final hours of negotiations that would have restricted Canada’s ability to make trade deals with other countries.
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Why it matters
Canada's decision to risk economic pain rather than yield to U.S. tariff pressure represents a notable geopolitical and trade stance that could influence cross-border credit conditions and trade finance, but it is not a direct regulatory or monetary policy event.
Sources
Fortune
‘We’re going to hit back’ — Canada does what many other U.S. allies have avoided: risk economic pain rather than yield to tariff pressure
Carney said Washington introduced language in the final hours of negotiations that would have restricted Canada’s ability to make trade deals with other countries.