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CIBC CEO says Canada shouldn’t retaliate in trade war with the U.S.

  • CIBC CEO urged Canadian Prime Minister Mark Carney not to retaliate against tariffs imposed by President Donald J. Trump, highlighting the need for a cooperative relationship with the U.S.
  • President Donald J. Trump announced a 10% baseline tariff on goods entering the U.S., with Canada excluded from higher rates.
  • Treasury Secretary Scott Bessent advised other countries to avoid retaliation against Trump’s tariffs, suggesting that escalation could worsen the situation.
  • Trump emphasized the significance of the tariffs, calling April 2, 2025, 'one of the most important days' in American history.
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Prensa Libre broke the news in on Wednesday, April 2, 2025.
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