“If the United States no longer want to be a leader, Canada will do it,” Karney said.
According to Carni, he plans to create a “coalition of uniform countries” who will look for an alternative to the United States.
“The 80-year period when the United States took over the mantle of global economic leadership, when they created alliances based on trust and mutual respect, and defended free and open exchange of goods and services, ended. This is a tragedy, but it is also a new reality,” the Canadian prime minister emphasized.
The politician also spoke about the global tariffs that US President Donald Trump introduced against a number of countries of the world, although they do not include Canada. He believes that the duties “tear the world economy and negatively affect global economic growth.”
Context
On March 26, the White House press service reported that from April 2, 25 percent tariffs for imports and trucks, as well as some automobile spare parts, will begin to operate in the United States. In early March, Trump stated that only cars from Canada and Mexico, according to the USMCA trade agreement, will receive a temporary delay from new duties per month.
However, the Trump administration introduced duties on the import of cars and trucks, as well as accessories for them in the amount of 25%. New tariffs entered into force on April 3 and concern Canada.
On April 2, Trump also announced the introduction of duties on the import of goods from many countries, including Ukraine, the EU, China and the UK. According to him, he introduces a basic fee of 10% for all goods from all countries, with the exception of the relevant conditions of the free trade agreement between Mexico, Canada and the United States. He emphasized that goods that do not comply with this agreement will be further taxed in the amount of 25%.
The head of the White House added that importers will begin to pay the basic fee from April 5, and higher rates for different partners will begin to operate on April 9. Trump noted that the American authorities introduced “relevant tariffs” for all countries in the amount “about half of the fact that they are levy from us.”
Journalists came to the conclusion that The tariffs were calculated by the “meaningless method.” According to the American economist Paul Krugaman, new duties are not based on any obvious existing tariffs. FT believes that the White House and their experts divided the deficit of trade in US goods with any country by the total number of goods imported from this country, the received percentage – the so -called unjust tariff – divided in half and received “mutual tariffs”.
A number of countries of countries condemned new global mutual duties.
On April 3, Trump said that he was ready to reduce import tariffs if other countries offer him something “phenomenal”.
On the same day, Carney said that Canada introduced 25 percent duties on vehicles imported from America that did not correspond to the free trade agreement between Canada, States and Mexico.
