BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home FINANCE

Canadian PM Carney Warns Trump’s Tariffs May Trigger U.S. Recession

by Sham
April 3, 2025
in FINANCE, POLITICS
Reading Time: 3 mins read
A A
2
SHARES
41
VIEWS
Share on XShare in TelegramShare on Reddit
  • PM Mark Carney warned Trump’s tariffs could tip the U.S. into recession and drag Canada down with it.
  • Despite earlier threats, Canada mostly avoided new U.S. tariffs, helping the Canadian dollar hit a four-month high.
  • Economists still expect rate cuts and fiscal support in Canada, calling the outlook “gloomy” despite escaping worst-case trade damage.

Canadian Prime Minister Mark Carney didn’t mince words this week, warning that President Trump’s sweeping new tariffs could “rupture” the global economy—and might be enough to push the U.S. into a recession.

“The U.S. economy is already slowing, inflation’s picking up… this could be the tipping point,” Carney said at a press conference.

JUST IN: 🇨🇦🇺🇸 Canadian Prime Minister Mark Carney warns that President Trump's new tariff policies could lead the U.S. into a recession 👀 pic.twitter.com/E8Q2jdMJNy

— BlockNews (@blocknewsdotcom) April 3, 2025

Canada Won’t Be Immune

Carney noted it’s rare for Canada to avoid economic pain when the U.S. falters. “When the U.S. dips, we usually go right with them,” he said. While he believes Washington might eventually rethink the tariffs, it probably won’t happen soon. “Not until the pain hits home.”

What Tariffs Hit Canada?

Interestingly, Canada avoided the worst of the tariff storm. Donald Trump didn’t add new levies beyond earlier ones—like the 25% tax on non-USMCA goods, foreign aluminum, steel, and cars. Economists now believe up to 80% of Canadian exports could still cross the border mostly tariff-free, assuming companies stay USMCA-compliant.

“Reimagine Our Economy”

With a strong lead ahead of the April 28 election, Carney urged Canada to prepare for long-term changes. “Short-term support is important, yes—but we need to reimagine our economy now that frictionless access to the U.S. can’t be taken for granted.”

Economists Still Gloomy

Stephen Brown at Capital Economics thinks Canada might avoid recession—but said the forecast remains murky. He expects the Bank of Canada to slash interest rates three more times this year and sees new federal and provincial stimulus efforts as likely.

Canada Avoided the Worst of the Tariff Storm

A Small Silver Lining

In the markets, the Canadian dollar got a small boost—hitting a four-month high—as traders welcomed the fact that Trump didn’t go full scorched-earth on Canadian trade.

Tags: CanadaDonald TrumpMark CarneyStephen BrownTariffs
Tweet1ShareShare
Previous Post

Here is Why Apple Stock is Dumping

Next Post

Recession Fears Surge as Prediction Markets React to Trump’s Tariffs: Should Investors Be Worried?

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit
FINANCE

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out
FINANCE

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody
FINANCE

Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.