⁉ CNBC: Markets are assessing whether we are in a tit-for-tat trade war with Canada.

Treasury Secretary Basent: I don’t think you can engage in tit-for-tat retaliation with someone who is 13 times bigger than you.

CNBC: They say their situation is fine.

Basent: What else can they say? What can they do? Take their two submarines and attack us?