Canada’s Carney rules out matching US tariffs dollar-for-dollar

The April 28 Canadian election is closing in and Liberal Mark Carney has built a considerable lead in the polls. He’s out with some comments on tariffs:

• Rules out matching US tariffs dollar-for-dollar
• Cites Canada’s small economy and the need for strategic pressure over symbolic motes
• New approach targets US industries selectively while minimizing harm to domestic sectors, with exceptions especially for automakers operating in Canada

I’m sensing more of a global shift to this kind of rhetoric. Whether that’s fear of American retribution of pragmatism is tough to discern as there are arguments for both.

This article was written by Adam Button at www.forexlive.com.