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Trump’s reported changes regarding USMCA come at a time when there are threats from Washington over blocking construction on a long-awaited bridge between Michigan and Ontario (Samuel Corum/Getty Images/Paul Sancya/AP Photo, File)
Backing out of this arrangement would also represent another step in Donald Trump’s often confrontational approach toward traditional allies regarding trade and diplomacy.
The president has warned Canada about imposing 100 percent tariffs due to its increasing relations with China and has suggested tariffs on countries supplying oil to Cuba-including Mexico.
Sparking further North American tensions, Carney delivered an important speech at Davos last month stating that what used to be considered stable international order led by U. S. since mid-century was now merely “fiction” not likely returning anytime soon.
“If great powers abandon even the pretense of rules and values for their unrestrained pursuit of power and interests,” Carney explained before receiving applause from attendees “the gains from transactionalism will become harder to replicate.”
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