Canada's next prime minister has helped run two Group of Seven economies in crisis before and now will try to steer Canada through a looming trade war brought by U.S. President Donald Trump, a threat of annexation and an expected federal election.

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National Economic Council director Kevin Hassett said in an interview with ABC News' "This Week" that the tariffs are not meant to start a trade war. "What happened was that we launched a drug war, not a trade war, and it was part of the negotiation to get Canada and Mexico to stop shipping fentanyl across our borders," Hassett said.

The economy in 2018 was much different than the one today, and so are the Fed's options for keeping it on track.

Korva herself didn’t want to talk politics with a Free Press reporter who had come to Windsor to gauge the mood in the city, but her comments shared one of the sentiments that was heard throughout the day: that people in the Windsor and Detroit areas are close, like family. Consternation at recent events was another.

Canada's Liberal Party will announce Prime Minister Justin Trudeau's successor on Sunday as both party chief and head of the country's government in the midst of a trade war with the United States that could cripple the Canadian economy.

The leaders of both Canada and Mexico got on the phone with President Donald Trump this past week to seek solutions after he slapped tariffs on their countries, but China’s president appears unlikely

Earlier this week, the Trump administration imposed across-the-board 25% tariffs on goods from Canada and Mexico.