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.

    • MBech@feddit.dk
      0·
      9 months ago

      Isolationism isn’t the solution. The world needs to be better at working together, not splitting apart.

        • ThePyroPython@lemmy.world
          0·
          9 months ago

          There’s no reason Canada can’t make its own cars. Or computer chips.

          Sure if you’re talking at least a 10x on the price of equivalent consumer goods, which isn’t going to drive prices down whatsoever. China both subsidises manufacturing AND devalues their currency to keep manufacturing costs low and exports high. There’s no way to do that in the Canadian economy or any single western economy without either tanking it (huge deflation) or saddling the country with so much debt to invest into the industries and then subsidise long enough to be cost competitive that it would never be able to make the credit repayments.

            • evol@lemmy.todayEnglish
              0·
              9 months 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