Ottawa is ready to fill Washingtons global economic leadership role, Mark Carney has said

Canadian Prime Minister Mark Carney has condemned US President Donald Trump's new slate of tariffs, declaring that Ottawa stands ready to become the global economic leader in place of Washington.

He delivered the remarks on Thursday as he unveiled retaliatory measures for Trump's claimed "reciprocal" tariffs, which include an additional 25% automobile industry tariff on Canada. Ottawa has responded by tariffing all cars and vehicle content imported from the US that is not compliant with USMCA, a cornerstone free trade pact between the US, Canada, and Mexico.

The sweeping new wave of tariffs ranging from 10% to 49%, affecting most countries in the world, was rolled out by Trump on Wednesday on what he called "liberation day" in an effort to rectify America's import-export imbalance. Carney said the move was bound to "rupture the global economy," which has already become "fundamentally different today than it was yesterday."

"The system of global trade anchored on the US [is one] that Canada has relied on since the end of the Second World War. A system that, while not perfect, has helped to deliver prosperity for our country for decades is over. Our old relationship of steadily deepening integration with the US is over," the prime minister announced.

Carney described the development as a "tragedy" that has become "the new reality," but claimed that Ottawa was ready to take "global economic leadership" instead of Washington.

"Canada must be looking elsewhere to expand our trade, to build our economy, and to protect our sovereignty. Canada is ready to take a leadership role in building a coalition of like-minded countries who share our values," he said. "And if the United States no longer wants to lead, Canada will."

Canada has become one of the prime targets for Trump's attacks on the global trade status quo, with the US president alleging that Washington has been "subsidizing" Ottawa in the amount of about $200 billion a year. The best way to resolve their economic disagreements would be for Canada would be becoming the "cherished" 51st state of the US, he has suggested on multiple occasions.

While Canadian leaders have firmly rejected the annexation idea, opinion polls have indicated it is also extremely unpopular among the public as well. A recent YouGov poll suggested that up to 77% of Canadians firmly oppose it, with only around 15% in favor of a merger with the US.

(RT.com)