Mark Carney warns of 80 years of US economic leadership. How to survive the “new reality”

“Liberation Day” in Trump may be the first step in America’s exit from its role as an economic embodiment in the world and a reliable commercial ally. This is according to Canadian Prime Minister Mark Carne, who did not retreat at a press conference shortly after the mutual Definitions American cars have been announced.

“The United States’ global trade system … has ended,” Carney said during the latter. advertisement. “The 80 -year period when the United States embraced the global economic leadership cloak … it has ended. While this is a tragedy, it is a new fact.”

As the former head of both the Bank of Canada and the England Bank, and an economist coach in Oxford, Carney definitely has the expertise to help Canada move in this new reality. But his strict warning goes beyond the Canadian border.

according to BBCWorld leaders, including the Chairman of the European Union Committee, Ursula von der Lin and Japanese Prime Minister Shigro Ishiba, says that the ongoing trade war will have “dire consequences” on millions of people around the world and undermine the global trading system.

Here is the reason that anxiety choir is still expanding and how you can prepare for what will come.

The United States is not only the largest economy in the world, it is also the largest consumer of goods and services.

In 2023 alone, goods imported from the United States worth $ 3.17 trillion in the total, according to VISUAL CAPITALIST cover for World Trade Organization data. China, the second largest economy in the world, is a pure source, according to Financial times.

As a result, the global economy depends greatly on American consumption, and any commercial barriers, such as definitions or ban, can have severe consequences for almost every country.

For this reason, Carney warns that Trump’s tariff policy can “tear the global economy”.

There are a lot of signals that check this thesis. The global stock markets have worse 9.5 trillion dollars from the total value since early April, according to StreetWhile you expect Jpmorgan’s possibility of American stagnation this year Sitting 60 %.