Canada's Carney says middle-power countries shouldn't compete for favor with the U.S.
Summary
Canada’s Prime Minister Mark Carney stated that middle-power countries like Canada and European nations should work together instead of competing for attention from the United States. He emphasized the strong combined economy and defense of Canada and Europe and highlighted closer ties ahead of the upcoming G7 summit.Key Facts
- Canada’s Prime Minister Mark Carney met with Ireland’s leader before the G7 summit.
- Carney said Canada and the European Union have a combined population over twice that of the U.S. and a similar-sized economy.
- Their joint defense spending is twice that of China’s defense budget.
- He urged smaller countries to unite with like-minded allies instead of competing for U.S. favor.
- Canada is increasing cooperation with Europe, becoming the first non-European member of the EU’s defense procurement group.
- Canada aims to double its exports outside the U.S. in the next 10 years.
- The U.S.-Mexico-Canada trade agreement (USMCA) review is set for July 1, but the U.S. does not want major changes.
- Carney noted that about 85% of Canadian trade with the U.S. is tariff-free under USMCA, despite tensions over trade policy.
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