Carney in Davos declared the breakdown of the old world order
Canada's Prime Minister condemned the use of tariffs as a tool for pressure without directly naming the United States.
Prime Minister Mark Carney spoke at the World Economic Forum on Tuesday, expressing solidarity with Greenland and emphasizing Canada's strong opposition to tariffs against the territory.
The Canadian government leader's speech came after U.S. President Donald Trump announced a 10 percent tariff on several European countries in response to their deployment of military forces to Greenland. This Danish autonomous territory has been repeatedly cited by Trump as necessary for ensuring America's national security.
In his speech, Carney repeatedly addressed the topic of economic coercion and the use of tariffs as a tool of pressure, but avoided directly mentioning the United States or its president.
A New World Order
Speaking in Davos, Switzerland, the Prime Minister presented his vision for Canada's future, in which the old world order cannot be restored.
"Let me be direct: we are in the midst of a rupture, not a transition," Carney stated.
He noted that major powers have recently begun weaponizing economic integration, using tariffs for pressure, financial infrastructure for coercion, and viewing supply chains as vulnerabilities to exploit.
A Call to Middle Powers
The 17-minute policy speech was Carney's first at the forum as Prime Minister. Before an audience of politicians, media representatives, and business leaders, he characterized the current moment as a test for middle powers like Canada.
"In a world of great power rivalry, countries caught in between have a choice: compete with each other for favor, or come together to forge a third way with influence," the government leader emphasized.
Carney called on middle powers to work together to maintain or create a new world order based on shared values. In his view, diversification represents the foundation of sound policy, giving countries strength and protection from coercion.
Diversification Strategy
The Prime Minister noted that allies will diversify as insurance against uncertainty, expanding options to restore sovereignty. He emphasized that if great powers abandon rules and values in pursuit of their own power and interests, the benefits of transnationalism will be harder to replicate.
"Hegemons cannot constantly monetize their relationships," Carney stated.
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Participation in the Davos forum concluded the Prime Minister's 10-day international trip, during which he visited China to meet with Chinese President Xi Jinping, and also held talks in Qatar with the Emir, His Highness Sheikh Tamim bin Hamad Al Thani.
