As expected, Canada escalated, Trump followed suit, and now Carney is walking back his statements. Expect a new deal to be signed between US and Canada before June 30. This agreement will either limit trade with China or give US control over Canada/China trade.
Mark Carney responds to Donald Trump's threat of 100% tariffs:
"We have commitments under CUSMA not to pursue free trade agreements with non-market economies without prior notification. We have no intention of doing that with China or any other non-market economy."