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Trump’s “Freedom Day” may be the first step in leaving the role of America’s world economic anchor and reliable trade. This is the Prime Minister of Canadia Mark Carney, according to Mark Carney, who did not hold at a press conference after a press conference tariffs It was announced on our autos.
“The global trading system in the United States has ended,” said Carney said last time announcement. “The 80-year period of the United States’s global economic leadership is over 80 years. It is over. Although this tragedy is a new reality. ”
The former head of the Bank of Canada and the Bank of England and the UK Bank and an Oxford Harvard Training economist, CARNEY, the need of course needs to be able to manage this new reality. However, his hard warning extends outside the Canadian borders.
According to BBCThe Prime Minister of the EU Commission Ursula Von Der Leilen and Japanese Prime Minister Shigeru, including Deiba, will have a “terrible” consequence of the sustainable trade war and undermine the global trade system.
Here’s why anxiety continues to expand and continue how you can prepare for what will happen.
The United States is not only the largest economy in the world, which is the largest consumer of goods and services.
In 2023, the United States was imported in $ 3.17 trillion worth of goods for the coverage of the visual capitalist World Trade Organization Information. China, the world’s second largest economy, is a net exporter Financial times.
As a result, the global economy is very confident in American consumption and any trade barriers such as tariffs or embargo can lead to serious results for almost every country.
Therefore, Carney warns that Trump tariff policy can “demolish the global economy.”
There are a large number of signals confirming this thesis. Global stock markets have spilled $ 9.5 trillion in total since the beginning of April StreetJPMorgan’s probability forecast for US decline this year 60% sits.
