Mark Carney says old Canada-US relationship is ‘over’

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Prime Minister Mark Carney said on Thursday that Canada’s old relations with the United States were “last” and swear that the country would have a “extensive rebuild” of trade agreements.

Talking to Ottawa after meeting the country’s provincial premiers, Carnie The tariffs imposed by US President Donald Trump will force Canada to revisit and rebuild its economy and look for “reliable” trading partners.

“Our old relationship with the United States is over based on the deepest integration of our economy and the military cooperatives,” he told reporters.

“Time will come for a broad rebuilt of our protection and trade relationships.”

Carnie’s comments seem to question the future of the USMCA, which was Discussion During the previous Trump administration, two countries and Mexico have been praised as one of the most important trade agreements in the world.

Carney said Canada would fight American tariff Its own revenge trade with “it will have the highest impact on the United States and have a minimum impact in Canada”.

Wednesday Trump says in the US Impose 25 percent of the tariff At an action, he said in importing foreign -made cars that he was intended to increase the US auto industry.

Although the USMCA-compliant components are temporarily exempted from tariffs, the tariff can have a big impact on the Canadian economy.

Trump’s tariff has been intended to increase US industry, but on Thursday the shares on General Motors have dropped by 7.5 percent. Ford shares, which produce less vehicles than in Mexico and Canada’s rivals, have dropped by 5.5 percent.

When Trump earned a recovery to the Canadian and Mexican Carmerers earlier this month he Temporarily discount All products that comply with the USMCA from the new tariff.

Carney said, “We will fight with everything we have to get our best deal for Canada. We will create an independent future for our country, stronger than ever,” Carney said.

The Prime Minister said that Canada’s economy and its supply discipline in the critical sector like auto industry and its supply discipline must be fundamentally changed to make themselves insulating themselves from more tariffs and US hostility.

“We need to do something very differently,” he said.

The Bank of Canada Governor Tiff McCalem says US tariffs will probably put Canada in a recession due to trade war with the United States and a “new crisis” spread.

“Depending on the amount and period of tariffs in the United States, economic impacts may be fatal; alone is already damaging,” he said when he declared another reduction of interest rates earlier this month.

Carney said that the auto sector of Canada could avoid Trump’s tariff but “access to other markets” was needed, and the country’s “auto sector was needed to re -imagine and rebuild [and] Re -“.

He recently traveled to London and Paris as the Prime Minister to trade with other partners in the wake of US hostility.

In the middle of the national election campaign before the April 25 vote, Carnie said he would talk to Trump “one day or two” the next day.

Some Canadian cabinet members can also go to Washington to meet their associates, he said.

He also added that the US President’s tariffs will “damage American workers and American customers”.