Canada Stands Firm Against Trump's Economic Bullying

Canadian Prime Minister Mark Carney has refused to back down in the face of US President Donald Trump's economic bullying, walking out of trade negotiations last week and declaring that 'no deal is better than a bad deal.'

This stance has rallied support from Canadians, with three-quarters backing their leader's decision despite the potential economic costs. Carney's government has been trying to make the Canadian economy more resilient, setting an ambitious agenda to attract C$500b of new private-sector investment over five years.

The trade war between the two countries could cost 90,000 jobs and shave half a percentage point off economic growth, but Trump has doubled down on his approach, referring to Carney as 'Governor' and Canada as a 'state.'

Canada has retaliated with tariffs matching the 50 percent import taxes imposed by the US, and it's unclear where this will go next. Economists predict that even a Democratic president might keep tariffs in place.