Canada Breathes In as Trump’s Tariffs Squeeze the World

The news article discusses the impact of U.S. President Donald Trump's tariffs on the global economy, particularly its effect on Canada. The article highlights the decision of Mark Carney, the Governor of the Bank of Canada, to raise interest rates by 35% in response to the tariffs. The article suggests that this move by Carney follows a pattern of U.S. economic coercion, where the Trump administration has used tariffs as a tool to exert pressure on other countries. The tariffs imposed by the U.S. on various products, including steel and aluminum, have squeezed the global economy, and Canada, as a close trading partner of the U.S., has felt the brunt of these measures. The article suggests that Carney's decision to raise interest rates is a strategic move to mitigate the impact of the tariffs on the Canadian economy. The article does not provide a detailed analysis of the broader economic implications or a comparison of the Canadian response to the reactions of other countries affected by the U.S. tariffs.