Canadian Prime Minister Mark Carnery called the president’s decision as a tragedy for global trade
Last Thursday (3), the Prime Minister of , revealed a restricted set of measures in response to the tariffs imposed by the United States. He described President Donald Trump’s actions as a tragedy for international trade. Carney has announced that Canada will apply a 25% tariff on US imported vehicles that are not in accordance with the trade agreement between the three countries of North America, but stressed that auto parts will not be affected by this new rate.
During his statement, Carry emphasized the need for a change in US government posture, although he recognized that this process can be time consuming. He also confirmed that tariffs previously established by Canada will remain in force, with no change. The new rates announced by Trump caused a negative reaction in financial markets, causing investors to move away from assets considered at risk.
The Canadian prime minister pointed out that the era in which the United States led the global economy and promoted free and open trade came to an end. “Considering the possible damage caused to its own people, the US government should change its way. But I don’t want to give false hopes,” said Carry.
This change of scenario represents a significant challenge for trade relations between countries. Carry, when addressing the situation, made it clear that Canada is prepared to defend her commercial interests in the face of new realities imposed by US policies.
“The 80-year period in which the United States embraced the global economic lead cloak, when they forged alliances based on mutual trust and respect and defended the free and open exchange of goods and services, is over. This is a tragedy,” said Canada Prime Minister.
*Report produced with the aid of AI
Posted by Victor Oliveira
