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At this point, when his country is on the front line of the North American Trade War in North America. It becomes “anti-tramp” on the verge of the US president.
The former governor of the Bank of England has decided to rely on the confrontation between Donald Trump’s policy in his speech. He said the US president brought “dark days” from the “country we can no longer trust” and that he was “proud of” Canadians who oppose the US “his wallets”.
While trading specifically Mr. Carnie promised to keep the tariffs for retaliation “until the Americans express respect,” it was clear that the common threats against Canada’s sovereignty are equally important in his thinking.
Trump has repeatedly stated that he would use economic power to encourage Canada to become a 51st US state, but Carney repelled back. “Americans want our resources, our land, our water, our country … Canada will never be part of America in any way, form and form,” he said.
Behind the scenes, Carney encourages Mr. Trump’s very reliable reaction. As he told me last month in his only interview in the UK during his campaign to reach the current Prime Minister of Canada Justin Trud “Get up to the bully”.
He ridiculed Trump’s accusations of Canada’s participation in Fentonil’s trade, and the US president’s opinion that Canada was thwarted by the United States. Karni said the Canada’s trade deficit was caused by “fully” export of subsidized oil, and “we may have to ask for this subsidy.”
It follows in the footsteps of the former Prime Minister of Italy Mario Dragi as a former chief Central banker who became the leader of the G7. This is a rare path, but it may be a good time when the closest Canada’s neighbor has suggested using economic power to occur.
Karni has experience in this field, which has been engaged in a number of acute political and economic crises, such as a bank disaster, eurozone crisis, acute slide after Brexit and the beginning of the pandemic.
He also regularly attended the G20 meetings at the level of the leaders, including in the presence of Trump, as the chairman of the financial stability council, the international economic body. At one such meeting, Trump’s team threatened to leave the International Monetary Fund.
Carney believes that Trump only respects power. On any attempt to secure Trump, he said, “Good luck.” It will focus on additional tariff revenge on inflation and interest rate to the “southern neighbor” in Canada.
The Canadian elections must take place by October, but Carney may call earlier. Depending on this, he goes on the course to take Trump in Canada at the G7 summit in June.
Its growth to higher work raises rates for the UK. On the one hand, a more reliable approach from the G7 Allies leader acts as the UK’s attempt to hug the White House carefully.
On the other hand, Carney also hinted at the desire to diversify the trade to the “more reliable” partners in which the UK and the EU are included. Canada can send his subsidized energy to Europe rather than the US.
The greater strategic moment is that Karni’s prerequisites mean an orientation to international solidarity and protection of the existing multilateral system. He says Canada can “stand on his own feet” but sees the merits in the creation of a more coordinated international alliance to focus the Congress and tariffs in the Trump administration.
Canada’s new leadership is expecting support from its Commonwealth ally, UK. After my recent interview with him, Carney drew the camera to a portrait on the wall of the office from which he talked to me: King Charles. The message was clear. Canada and UK should be on one side of this new world era.
