Amid $50000000000 loss, shocked Canada PM declares 'US relations over…'| Carney| Trump| tariff

Canadian Prime Minister Mark Carney declared the “ever closer” economic relationship with the United States is over, calling recent tariff hikes a “rupture, not a transition” and warning of a $50 billion hit to Canada’s economy. Carney unveiled Canada’s 2025 budget as a blueprint for economic independence: prioritizing homegrown productivity, trade diversification, and major infrastructure to help Canada double non-US exports over the next decade. He called on Canadians to move past nostalgia, highlighting the need for rule of law, resilient banking, and less dependency on US markets as the bedrock for lasting prosperity. The plan includes targeted support for affected industries and a national strategy to counter rising cross-border costs.