Carney warns of ‘tough days ahead’ as tariffs make U.S. recession ‘likely’ [Video]

Donald Trump’s latest round of tariffs is only a few days old, but the havoc they’re already exerting on the global economy points to upcoming “pressure” on Canada’s employment levels, Liberal Leader Mark Carney is warning.

Wednesday’s announcement of new tariffs on imports into the United States from dozens of countries — along with starting the 25 per cent levy on “all foreign-made” vehicles — brought “greater certainty,” Carney said Saturday, about both the U.S. president’s ambitions for tariffs and the repercussions for Canada.

“We can expect pressure on employment in this economy,” he said during a campaign stop in Oakville, Ont., a community vulnerable to the new auto tariffs as Ford Motor Co. is one of the area’s largest employers.

Carney said the government’s recent changes to employment insurance eligibility, announced before the election, will provide some support.

Those measures include waiving the one-week waiting period for workers who lose their jobs because of the tariffs.

As …