The era of deep economic, security and military ties between Canada and the United States "is over," Prime Minister Mark Carney said Thursday, after President Donald Trump announced steep auto tariffs. "The old relationship we had with the United States based on deepening integration of our economies and tight security and military cooperation is over," Carney said.
Products get expensive, US consumers don’t buy as many products, countries which export those products see reduction in exports and thus taxes.
Theoretically.