Bank of Canada Governor Tiff Macklem called President Donald Trump’s tariffs the “biggest headwind” for the country, given the close integration of the two economies, according to the New York Times.

Returning U.S. manufacturing employment to a level that remotely resembles its historical peak will be an uphill battle,” the bank said this week.

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The ports of Los Angeles and Long Beach rival most cargo hubs in the world. The tariffs imposed by President Trump may force the ports to reinvent themselves — again.

Since taking office, Mr. Trump has raced to enact his economic vision, aiming to pair generous tax cuts with sweeping deregulation that he says will expand America’s economy. He has fashioned his steep, worldwide tariffs as a political cudgel that will raise money, encourage more domestic manufacturing and improve U.S. trade relationships.

Investor jitters about the state of the US public finances have put the dollar on track for its worst week since President Donald Trump’s “liberation day” tariffs announcement rocked markets at the beginning of April.