Incoming Canadian Prime Minister Mark Carney said Tuesday that his government will keep tariffs in place until Americans show respect and commit to free trade after U.S. President Donald Trump threatened historic financial devastation for Canada.

Canada’s next Prime Minister, Mark Carney, has informed the United States and President Donald Trump that his country will win the trade war, amid tariff war by both sides. Canada on March 4 imposed 25 percent tariffs on $30 billion in goods imported from the US,

President Trump has escalated tensions with Canada by threating to impose significant tariffs on imports like dairy and lumber. In retaliation, Canada has announced its own tariffs on U.S. goods. The situation is now further complicated by political developments in Canada where they’ve elected a new prime minister.