Khaberni - The Governor of the Bank of Canada, Tiff Macklem, said on Wednesday that the era of rule-based trade relations with the United States is "over", repeating the warning of a "fracture" in the global system due to Washington's policies, according to "Agence France-Presse".
Macklem pointed out that "it is absolutely clear that the era of open trade based on rules with the United States is over", days after a warning from (Canadian Prime Minister Mark) Carney, President Donald Trump that his approach has caused a "fracture" in the global economic system.
Carney had urged during his participation last week in the World Economic Forum in Davos, the middle powers to unite against the forces of "dominance".
Carney's stance provoked Trump, who addressed him from the same platform saying, "Canada lives thanks to the United States. Remember that, Mark, the next time you make your statements."
Latterly, Trump renewed his threat to impose customs duties of one hundred percent on Canadian imports into the United States if Ottawa goes ahead with a new trade deal with China.
The statements reflect the intensity of the tensions existing between the neighbors in North America, despite a phone call on Monday between the two men described by Carney as "good".
