Donald Trump is showing why independent central banks are a good idea. The president’s double tirade against Federal Reserve Chairman Jerome Powell on Thursday conjured another dark cloud over financial markets and an economy repeatedly traumatized by his tariff and trade-war chaos.

Canada is grappling with the repercussions of the tariff war initiated by Donald Trump, which has sent shockwaves through its economy. The imposition of a 25% tariff on Canadian goods and a 10% levy on the energy sector has sparked concerns about inflation and economic instability.