Canada’s Mark Carney drew a standing ovation — and Trump’s ire — in Davos this week for an address in which he said the U.S.-led international order was “over.”

Donald Trump has threatened Canada with 100% tariffs if it signs a trade deal with China, its second-largest trading partner after the U.S., marking the latest escalation in U.-Canada relations, which have been further strained after Mark Carney criticized Trump’s Greenland takeover threats at the Davos Forum and urged “middle powers” to unite.

US President Donald Trump threatened to impose sweeping tariffs on Canada after Ottawa moved to reset trade ties with China, reigniting fears of a renewed North American trade war just months after tensions appeared to cool.

International trade experts say U.S. President Donald Trump’s latest threat to impose 100 per cent tariffs on Canada will hurt his own economy just as much, if not more, than Canada’s.

On Saturday morning, President Donald Trump issued a threat to impose a 100% tariff on Canadian imports, escalating the ongoing dispute spurred by Canada’s recent trade agreement with China. Trump took to Truth Social to warn of the impending tariff,

Despite President Donald Trump's repeated assertions to the contrary, there is little doubt that Americans will suffer the cost of new tariffs.

U.S. stocks rose again Thursday and regained more of their losses for the week following the latest walk back by President Donald Trump from tariffs he had earlier threatened. The S&P 500 gained 0.5% and added to its big gain from Wednesday,