Carney says Canada's relationship with China has become "more predictable" than that with the US, as his country searches for trade certainty.

cross-posted from: https://lemmy.zip/post/57182784

cross-posted from : https://lemmy.zip/post/57182782

Carney told reporters on Friday that “the world has changed” in recent years, and the progress made with China sets Canada up “well for the new world order”.

Canada’s relationship with China, he added, had become “more predictable” than its relationship with the US under the Trump administration.

  • evol@lemmy.todayEnglish
    21·
    6 hours ago

    You can get Chinese prices if your citizens are willing to work like the Chinese, no one in the West will.

    Autarky is also largely a degrowth argument, most Westerners already feel like they should consume even more so it’s impossible to win unless your voters fall for Donald Trump esque arguments. The modern Westerner lives one of the most opulent lives in the world history on the back of cheap third world labor.

    edit: If you believe the Trump admin has a plan, they are trying to thread needle by devaluing the US Dollar just enough to incentivize manufacturing, but keeping it high enough that the average US consumer doesn’t feel the hit. They then leverage tariffs for preferential trade deals with other countries. I don’t think its really working but its the only way you could revitalize manufacturing in the west at this point