The Canadian Prime Minister pointed to the increased likelihood of a recession in the United States.

The likelihood of a recession in the United States has increased significantly due to the tariffs imposed by the American leader Donald Trump. This was announced on April 7 by Canadian Prime Minister Mark Carney.

"The likelihood of a recession in the United States has increased significantly. And I'm not happy that it's becoming more likely. This will have significant implications for the Canadian economy. It's very difficult for us to avoid this," Carney said.

According to him, Canada can give itself "much more than the United States can take away." He noted that the United States is driving itself into recession, putting pressure on the whole world.

Carney also added that he had held discussions with the Governor of the Bank of Canada and the Minister of Finance regarding the market. However, he expressed confidence in both officials.

Trump is fighting tariffs with the global economy. Analysis

On April 2, Trump announced large-scale trade measures: base tariffs of 10% are being introduced for all products supplied to the United States. For Europe, this figure has been raised to 20%, and for China — to 34%. In his speech, the president called April 2 the day when Americans will become rich again.

On April 3, Carney announced that Canada would impose duties of 25% on all cars imported from the United States that are not subject to the North American Trade Agreement (USMCA). He noted that the new import duties are a direct violation of the trade agreements that Trump discussed and promoted in his first term.