Canadian PM Carney: Global Free Trade Led by US Is 'Over'
Canadian Prime Minister Mark Carney fired back at the Trump administration on Thursday, saying the era of global free trade under the United States "is over," Mediaite reported.
On Wednesday, President Donald Trump announced reciprocal tariffs on more than 180 countries, which he says are designed to reset global trade and return manufacturing to the United States. Specifically for Canada, Trump imposed a 25% auto tariff, which took effect on Thursday.
Speaking to the media from Ottawa and aired on C-SPAN in the U.S., Carney said the effect on the global economy will be "monumental."
"The global economy is fundamentally different today than it was yesterday. The system of global trade anchored on the United States that Canada has relied on since the end of the Second World War — a system that, while not perfect, has helped to deliver prosperity for our country for decades — is over," Carney said.