President Donald Trump’s “Liberation Day” tariffs will likely hurt US regional and Canadian banks, while Chinese banks’ exposure seems limited. Trade spats could also have negative implications for a lending rebound as well.

Canadian Prime Minister Mark Carney on Wednesday said that although President Trump’s tariff announcement on Wednesday preserved “important elements” of the Canada-U.S. trading relationship, it will hurt the international trading system and the U.

Canada is launching a billboard offensive in its trade war with Uncle Sam, targeting highways in 12 red states with messages like “tariffs are a tax on your grocery bill.” “We are launching ads in the US to make sure all Americans know that tariffs are taxes on everything they buy,