Overview

• President Trump stated that his 25% tariffs on Canadian-made cars 'could go up,' emphasizing a preference for U.S.-made vehicles and further straining trade relations.
• Trump claimed Canada 'would cease to exist as a country' without U.S. trade, reigniting anger among Canadians and intensifying election tensions.
• Canadian leaders, including Prime Minister Mark Carney, have unveiled targeted measures such as a $2 billion auto sector fund and interprovincial trade reforms to counteract economic damage.
• Manitoba Premier Wab Kinew announced the cancellation of electricity export contracts with Minnesota, aiming to reduce U.S. reliance and bolster domestic energy infrastructure.
• The Canadian Chamber of Commerce predicts the tariffs could shrink GDP by 2.6%, raise inflation to 7.2%, and push unemployment to nearly 8%, highlighting the stakes of the ongoing trade conflict.