VANCOUVER — Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada’s strong economic ties to the United States were once a strength but are now a weakness that must be corrected.
In the 10-minute address, Carney spoke about his government’s efforts to strengthen the Canadian economy by attracting new investments and signing trade deals with other countries.
“The world is more dangerous and divided,” Carney said. “The U.S. has fundamentally changed its approach to trade, raising its tariffs to levels last seen during the Great Depression.
“Many of our former strengths, based on our close ties to America, have become weaknesses. Weaknesses that we must correct.”
Carney said tariffs imposed by President Trump have affected workers in the auto and steel industries. He added that businesses are holding back investments “restrained by the pall of uncertainty that’s hanging over all of us.”
Many Canadians have also been angered by Trump’s comments suggesting Canada become the 51st state.
Carney said he plans to give Canadians regular updates on his government’s efforts to diversify away from the U.S.
“Security can’t be achieved by ignoring the obvious or downplaying the very real threats that we Canadians face,” he said. “I promise you I will never sugarcoat our challenges.”
It’s not the first time Carney, who served as a central bank governor, first at the Bank of Canada and later with the Bank of England, has spoken about a shift in world power.
During a speech in January at the World Economic Forum in Davos, Switzerland, he received widespread praise for condemning economic coercion by great powers against small countries.
His remarks brought a rebuke from Trump.
“Canada lives because of the United States,” Trump said after the speech. “Remember that, Mark, the next time you make your statements.”
There was no immediate White House reaction Sunday to the address.
Carney’s comments came days after securing a majority government following special election wins and as the opposition Conservatives push him to deliver a U.S. trade deal, which was among his promises in last year’s election.
A review of the current version of the North American Free Trade Agreement among Canada, the U.S. and Mexico is scheduled for July.
In his address, Carney said he wants to attract new investments into Canada, double the size of clean energy capacity and reduce trade barriers within the country. He also emphasized Canada’s increased defense spending, reduction in taxes and efforts to make housing more affordable.
“We have to take care of ourselves because we can’t rely on one foreign partner,” he said. “We can’t control the disruption coming from our neighbors. We can’t control our future on the hope it will suddenly stop.
“We can control what happens here. We can build a stronger country that can withstand disruptions from aboard.”
Carney said simply hoping the “United States will return to normal” is not a feasible strategy.
“Hope isn’t a plan and nostalgia is not a strategy,” he said.
Carney said Canada has “been a great neighbor,” standing with the U.S. in conflicts including Afghanistan, plus two World Wars.
“The U.S. has changed and we must respond,” he said. “It’s about taking back control of our security, our borders and our future.”
Morris writes for the Associated Press.
Carney says Canada’s economic ties with U.S. are a weakness that must be corrected
VANCOUVER — Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada’s strong economic ties to the United States were once a strength but are now a weakness that must be corrected.
In the 10-minute address, Carney spoke about his government’s efforts to strengthen the Canadian economy by attracting new investments and signing trade deals with other countries.
“The world is more dangerous and divided,” Carney said. “The U.S. has fundamentally changed its approach to trade, raising its tariffs to levels last seen during the Great Depression.
“Many of our former strengths, based on our close ties to America, have become weaknesses. Weaknesses that we must correct.”
Carney said tariffs imposed by President Trump have affected workers in the auto and steel industries. He added that businesses are holding back investments “restrained by the pall of uncertainty that’s hanging over all of us.”
Many Canadians have also been angered by Trump’s comments suggesting Canada become the 51st state.
Carney said he plans to give Canadians regular updates on his government’s efforts to diversify away from the U.S.
“Security can’t be achieved by ignoring the obvious or downplaying the very real threats that we Canadians face,” he said. “I promise you I will never sugarcoat our challenges.”
It’s not the first time Carney, who served as a central bank governor, first at the Bank of Canada and later with the Bank of England, has spoken about a shift in world power.
During a speech in January at the World Economic Forum in Davos, Switzerland, he received widespread praise for condemning economic coercion by great powers against small countries.
His remarks brought a rebuke from Trump.
“Canada lives because of the United States,” Trump said after the speech. “Remember that, Mark, the next time you make your statements.”
There was no immediate White House reaction Sunday to the address.
Carney’s comments came days after securing a majority government following special election wins and as the opposition Conservatives push him to deliver a U.S. trade deal, which was among his promises in last year’s election.
A review of the current version of the North American Free Trade Agreement among Canada, the U.S. and Mexico is scheduled for July.
In his address, Carney said he wants to attract new investments into Canada, double the size of clean energy capacity and reduce trade barriers within the country. He also emphasized Canada’s increased defense spending, reduction in taxes and efforts to make housing more affordable.
“We have to take care of ourselves because we can’t rely on one foreign partner,” he said. “We can’t control the disruption coming from our neighbors. We can’t control our future on the hope it will suddenly stop.
“We can control what happens here. We can build a stronger country that can withstand disruptions from aboard.”
Carney said simply hoping the “United States will return to normal” is not a feasible strategy.
“Hope isn’t a plan and nostalgia is not a strategy,” he said.
Carney said Canada has “been a great neighbor,” standing with the U.S. in conflicts including Afghanistan, plus two World Wars.
“The U.S. has changed and we must respond,” he said. “It’s about taking back control of our security, our borders and our future.”
Morris writes for the Associated Press.
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Canadian PM Mark Carney calls close trade ties to U.S. a ‘weakness’
April 19 (UPI) — Citing steep tariffs imposed by U.S. President Donald Trump, Canadian Prime Minister Mark Carney said Sunday his country’s historically close trade and economic ties to the United States have become a “weakness.”
In a video statement posted to YouTube, the Canadian leader asserted the United States has “fundamentally changed its approach to trade, raising its tariffs to levels last seen during the Great Depression.”
This has meant that “many of our former strengths, based on our close ties to America, have become our weaknesses — weaknesses that we must correct.”
Carney’s comments as Trump’s trade war with Canada has disrupted decades of cross border cooperation, triggered in part by a broad 10% tariff slapped by Washington onto all goods not excluded under the Canada-US-Mexico free trade agreement known as CUSMA.
Significantly higher U.S. levies have also been imposed on key strategic sectors, including a 50% tariff on Canadian products that are almost entirely made of steel, aluminum or copper, and a 25% tariff on products that are “largely” made of those metals.
Many types of Canadian heavy equipment also face a 15% tariff upon entry into the United States.
Ottawa says the effect of these measures has been profound, “displacing workers, disrupting supply chains, forcing companies to rethink where they source their materials and products, and causing uncertainty that is curbing investment.”
Although Canada still has the best deal of any U.S. trading partner in an era when Trump has used the threat of tariffs and against both allies and adversaries for strategic and political ends, “we cannot rely on our most important trade relationship as we once did. We must build our strength at home,” Carney said.
“Workers in our industries most affected by U.S. tariffs in autos and steel and lumber are under threat,” he added. “Businesses are holding back investments restrained by the pall of uncertainty that’s hanging over all of us.”
Triggered by the U.S. trade actions and Trump’s oft-repeated desire to annex Canada as the “51st state,” Carney’s Liberal Party government in January made a milestone deal with China to lower some of the tariffs imposed by one another on some of their trade goods.
Under that pact, China lowered its tariffs on Canadian agricultural products, while Canada slashed its tariffs on up to 49,000 electric vehicles that are made in China.
The deal was denounced by Trump, who threatened to impose a 100% tariff on all Canadian goods sent to the United States in response.
“China will eat Canada alive, completely devour it, including the destruction of their businesses, social fabric and general way of life,” the U.S. president asserted.
But Carney on Sunday again defended his expansion of trade away from the United States, saying, “We will attract new investment so we can build more for ourselves, striking new partnerships abroad so we can sell into new markets.
“It’s about taking back control of our security, our borders and our future.”
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