Jack Mintz: Neither Trump’s nor Carney’s new world order will last |
Like it or not, Canada’s best interests lie in a strong partnership with the U.S.
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With China’s growing military and economic strength, Russia’s aggression and Trump’s America First strategy, the liberalized world order seems to be on its deathbed. So said Prime Minster Mark Carney in his Davos speech Tuesday. We have entered into a new world order in which trade liberalization and financial integration give way to economic warfare and falling support for international organizations like the United Nations and the World Trade Organization.
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In his speech in Davos Wednesday, mercurial Donald Trump asserted that U.S. supremacy is good for the world. “The U.S.A. is the economic engine of the planet. And when America booms, the entire world booms.” Trump is willing to pursue the full possibilities of American might even if it discomforts allies that have long benefited from the open markets, defence umbrella and stable financial system America has provided. Trump pointed out in his speech that Carney is not grateful for America’s benefits freely given to Canada, which foretells difficult future trade negotiations.
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