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.

  • CircaV@lemmy.caEnglish
    2·
    2 hours ago

    Damn right. We are done with the US. The US is dead to us and it’s generational.

      • Maeve@kbin.earth
        5·
        14 hours ago

        Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russian Federation, South Africa, United Arab Emirates. But India and Brazil want the economic benefits without participating in security drills.

        • shawn1122@sh.itjust.works
          3·
          10 hours ago

          Neither India nor Brazil want BRICS to become a Global South equivalent to NATO and instead see it as a forum for economic cooperation so their actions match their intentions.

          The lead nation was China with Russia and Iran also participating in the most recent military exercise. Brazil likely would not want to participate given their proximity to the US and India is already part of other security partnerships (Quad).

          • Maeve@kbin.earth
            1·
            5 hours ago

            I understand, it’s a delicate situation; I hope Brazil is taking some sort of security preparation because of their proximity to the United States.

  • reddig33@lemmy.worldEnglish
    165·
    17 hours ago

    How about instead of trading dependency on one country for another, you start manufacturing your own goods?

    • CircaV@lemmy.caEnglish
      1·
      2 hours ago

      Canada has always been a trading nation. We have loads of raw materials, it’s been this way since before Canada was a country.

    • MBech@feddit.dk
      30·
      16 hours ago

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

      • Croquette@sh.itjust.works
        4·
        11 hours ago

        We can have both a local manufacturing sector and imports.

        The last few years have shown us that we need to produce stuff here because the supply chain can explode and were caught with our pants down.

      • reddig33@lemmy.worldEnglish
        22·
        13 hours ago

        I hate to break it to you, but a lot of these countries aren’t interested in “working together”. In fact they want to sell you something for cheap, get you hooked, and put your own means of production and any competition out of business. This makes you dependent on them, and they can then use this to hike up prices, and exert political control.

        There’s no reason Canada can’t make its own cars. Or computer chips. Or food. Or drugs. Etc etc. Relying on a single external source for a good or service really screws you over when that country goes to war, or goes nuts.

        It’s not about isolationism. It’s about making sure there is competition to keep prices down, and making sure there is more than one source to get these goods and services from.

        • ThePyroPython@lemmy.world
          61·
          11 hours 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.

          • reddig33@lemmy.worldEnglish
            1·
            11 hours ago

            Well then, I guess we should all just become slaves to China since it’s not worth putting a fight. 🙄

            Equalizing the playing field was part of the legislation that Canada just got rid of in order to import cheap (subsidized and possibly made with slave labor) Chinese cars.

            Someone else mentioned the US. We had those industries in the US, and we let them wither on the vine. Now we can’t manufacture cars because one of the controller chips is single sourced and the country that it comes from is tied up in some sort of “geopolitical tension”. Our clothes are made in sweatshops by slave labor. And many of our generic drugs are coming from countries that don’t have quality standards so they don’t work at all, or worse they actually make people sick. But hey, at least they’re cheap!

            • evol@lemmy.todayEnglish
              41·
              8 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

    • Maeve@kbin.earth
      3·
      13 hours ago

      I believe it’s in every state’s interest to invest in manufacturing, as well as having trade and development sharing with others, but exploititive agreements that rob another state and make it a defacto colony, or subject the people to austerity, sanctions, overly burdensome loans (imf/wto), or create dependency rather than self-sufficiency is just another form of rent-seeking and grounds for expulsion of the exploiting states, and nationalization of any industry benefitting from the exploitation (including poisoning the air, water, soil).

    • Akh@lemmy.world
      3·
      13 hours ago

      In truth, sometimes, you just cant. Why is US so hell bent on Canada and Greenland? Rare earths. Taiwan produces something like 80% of all chips made for electronics.

  • Basic Glitch@sh.itjust.works
    11·
    9 hours ago

    Meeting back up at the reunion in 3 (to 10+ years)

    “Oh… hi Canada! You’re looking well.”

    “Gah!!.. Soree but do I… Oh, USA? Kinda snuck up on me there… It’s been a while. You uh, you look… different. Didn’t quite recognize you with your new…tear drop tattoos? Also, did you do something to your hair?”

    “Oh this? No, it kinda just happened suddenly all at once. Apparently it’s called canities subita…”