Era of US is over. Canada announces its readiness to become global leader
Photo: Canadian Prime Minister Mark Carney (Getty Images)
The United States has dominated the global economy for decades. Canada is ready to take on that role, states Canadian Prime Minister Mark Carney, according to The New York Times.
Carney stated that he would try to build a "coalition of like-minded countries" that would seek an alternative to the United States.
"If the United States no longer wants to lead, Canada will," he said.
Later, the Canadian Prime Minister added that the era of US dominance in the global economy has come to an end.
"The 80-year period when the United States embraced the mantle of global economic leadership, when it forged alliances rooted in trust and mutual respect and championed the free and open exchange of goods and services, is over. While this is a tragedy, it is also the new reality," Carney concluded.
New tariffs from Trump
US President Donald Trump introduced new import tariffs on goods from all countries, which took effect on April 2, 2025. These tariffs range from 10% to 50%, depending on the country of origin.
Specifically, a 10% tariff was imposed on imports from Ukraine.
In response to the US tariffs, Canada introduced a 25% tariff on cars imported from the US.
Meanwhile, the United Kingdom published a list of 8,000 American goods that may be subjected to retaliatory tariffs in response to President Trump’s trade policies. Notably, the list includes a wide range of products — from binoculars to bourbon whiskey.
More details on which tariffs different countries are facing, how the world is reacting, and whether the trade war will escalate — in RBC-Ukraine’s material.
