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CIBC CEO says Canada shouldn’t retaliate in trade war

  • President Donald J. Trump announced a 10% baseline tariff on all goods entering the United States, excluding Canada due to the trilateral free trade agreement.
  • Treasury Secretary Scott Bessent urged countries not to retaliate against the tariffs, stating that retaliation leads to escalation.
  • Trump declared April 2, 2025, as 'Liberation Day,' emphasizing its importance in American history and economic independence.
  • A 25% tariff on all foreign-made automobiles will take effect at midnight.
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'Take a deep breath': Treasury Secretary urges countries not to retaliate against tariffs

The 10% baseline tariff will go into effect on Saturday and reciprocal tariffs are set to begin on April 9.

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Prensa Libre broke the news in on Wednesday, April 2, 2025.
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