Trump wants to 'destroy' Canada's auto industry, Carney says of latest tariff threat

Key Points:

• Portland small business owners Mike Roach and Kim Osgood face significant price increases on best-selling pillows due to new US tariffs, potentially raising prices from $59 to around $86-$90, risking customer loss as gift items are price sensitive.
• Canadian Prime Minister Mark Carney enjoys strong domestic support with a 60% approval rating and backing from provincial leaders and businesses despite trade tensions with the US, though many Canadians express job security concerns.
• Canada's Finance Minister François-Philippe Champagne emphasizes the country's fiscal strength and credit rating to support businesses affected by US tariffs, asserting that Canada is seen globally as a reliable trade partner amid escalating trade disputes.
• US small businesses like Toronto-based Outclass warn of severe impacts from tariffs, with potential business closures due to increased costs, while larger companies may better absorb the financial strain.
• The trade dispute has sparked sharp rhetoric from US President Trump and Canadian officials, with Trump dismissing Canadian leaders and threatening harsher tariffs, while Canadian leaders insist on fair negotiations respecting sovereignty and criticize US demands, including issues over Quebec’s French language laws.