Trump’s ‘Tariff Thrashing’ Spurs Crisis Response From Canada

The cost of the taxes put across the border will be borne by consumers in both countries,

said Phillip Magness, an economic historian and senior research fellow at the Oakland, California-based think tank

The consequences of an extended trade war within what was — until a few hours ago — one of the world’s most successful economic partnerships are almost too terrible to comprehend, but markets will nonetheless have to begin planning for one,

he wrote after the tariffs were announced

It is premature to estimate the central bank response,

they said