Canadian Prime Minister Mark Carney said Donald Trump’s tariff policy is an act of economic self-sabotage that’s pushing the US into a downturn.

The probability of a U.S. recession has risen significantly thanks to President Donald Trump's tariffs and that will have a major negative effect on the Canadian economy, Prime Minister Mark Carney said on Monday.

Canada's new Prime Minister, Mark Carney, said on Thursday that the era of traditional relationship with the United States based on economic integration and military cooperation is “over”, even as he suggested impending talks with President Donald Trump over a raging tariff war.

Several new, sweeping taxes on goods from other countries are already here — and more took effect on Wednesday. Trump has promised higher rates for his latest and most severe volley of duties, which he calls “reciprocal” tariffs.

US President Donald Trump’s sweeping new tariffs have gone into full effect. When Mr Trump announced the latest round of tariffs on April 2, he declared that the US would now tax nearly all of America’s trading partners at a minimum of 10% – and impose steeper rates for countries that he says run trade surpluses with the US.