Canada "Will Build Bullying", Says Mark Carney after Trump’s Tariffs Announced
In a scathing critique of the United States’ decision to impose tariffs on Canadian aluminum and steel, former Bank of Canada Governor Mark Carney warned that the move will only serve to "build bullying" between the two nations.
On Monday, the Trump administration announced plans to impose tariffs of 25% on steel and 10% on aluminum imports from Canada, citing national security concerns. The move is seen as a major escalation in the trade tensions between the two countries, which have been simmering for months.
Carney, who served as Governor of the Bank of Canada from 2008 to 2013, took to Twitter to express his dismay at the decision. "Canada ‘will build bullying’, not walls," he tweeted, referencing Trump’s infamous proposal to build a wall along the US-Mexico border.
Carney’s comments were widely shared and echoed by many Canadians, who have expressed outrage and disappointment at the tariffs. The move is expected to have significant economic implications for Canada, with many industries already feeling the pinch.
The tariffs are also seen as a major blow to the relationship between the two countries, which has long been considered one of the closest and most important in the world. The move has sparked concerns about the future of the North American Free Trade Agreement (NAFTA), which has governed trade between the US, Canada, and Mexico since 1994.
In response to the tariffs, Canadian Prime Minister Justin Trudeau has vowed to take "all necessary measures" to protect the country’s industries and workers. The Canadian government has also launched a formal complaint with the World Trade Organization (WTO) over the tariffs.
The decision to impose tariffs on Canada comes just days after the US and China agreed to a temporary truce in their own trade war. The move has been seen as a significant escalation in the trade tensions between the US and its closest allies, and has sparked concerns about the global economy.
As Carney’s tweet suggests, the move is also seen as a form of "bullying" by the US, which has been accused of using its economic might to strong-arm other countries into submission. The move has sparked widespread outrage and condemnation from around the world, with many countries expressing support for Canada in its dispute with the US.
In the end, the tariffs are likely to have significant economic and diplomatic implications for both Canada and the US. As Carney’s tweet suggests, the move is likely to "build bullying" between the two nations, rather than promoting cooperation and understanding.
