The Globe and Mail reports in its Thursday, April 3, edition that Peterson Institute for International Economics director Fred Bergsten says President Donald Trump's new sweeping tariffs are "really a fundamental attack on the global economy, the global economic order, everything we all held dear for 75, 80 years. The Globe's Nathan VanderKlippe writes that Mr. Trump's tariffs constitute the most protectionist set of policies ordered by a U.S. president in at least a century, he said. The coming months, he warned, will test whether other countries can resolve to maintain trade freedoms, particularly as major exporters such as China seek to divert goods that might otherwise have been destined for the U.S. For Canada, the exemption from the baseline tariff means "it could have been much worse," said Canadian Chamber of Commerce president Candace Laing. Canada, however, is hardly exempt, with tariffs on cars, steel, aluminum and other goods that will affect sizable segments of the country's employment base. Investment banks have warned that the White House approach is raising the risk of recession. Elsewhere, anxiety has risen. Consumer sentiment has plummeted, while stock markets have shed considerable value in recent months.