Canada's PM says strong U.S. economic ties were a strength but are now a weakness that must be fixed. 'We have to take care of ourselves' | Fortune
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Canada's PM says strong U.S. economic ties were a strength but are now a weakness that must be fixed. 'We have to take care of ourselves' | Fortune
""The world is more dangerous and divided. 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.""
""Security can't be achieved by ignoring the obvious or downplaying the very real threats that we Canadians face. I promise you I will never sugarcoat our challenges.""
Mark Carney emphasized the need for Canada to diversify its economy away from the U.S. due to changing trade dynamics and tariffs. He noted that former strengths have become weaknesses, particularly in the auto and steel industries. Carney highlighted the uncertainty affecting business investments and pledged to keep Canadians informed about efforts to strengthen the economy through new trade deals. He acknowledged the real threats Canada faces and criticized the notion of ignoring these challenges.
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