US Tariffs May Ruin Global Economy, Warns Carney

• Mark Carney criticizes US tariffs as damaging to global growth
• Warns of long-term impact on global economic stability
• Calls for cooperative economic policies among global leaders

Carney Sounds Alarm on US Tariffs

In a strong warning, Canadian Prime Minister Mark Carney has stated that new tariffs imposed by the United States could severely damage the global economy. According to Carney, these trade barriers not only strain international relationships but also threaten to stall global economic growth.

Carney’s remarks came during an international economic summit where he stressed the importance of open markets and multilateral cooperation. “These US tariffs will rupture the global economy,” he said. “The ripple effects of such policies can lead to reduced trade flows, declining investments, and a rise in economic uncertainty.”

Global Economic Stability at Risk

Experts agree that protectionist measures like tariffs can backfire. By raising the cost of imported goods, tariffs often lead to inflation and reduced consumer spending. For trading partners, this could mean lost revenues and disrupted supply chains—especially for countries dependent on exports to the US.

Carney’s concerns are backed by historical patterns. Trade wars in the past have resulted in economic slowdowns and greater instability in financial markets. “We’ve seen this before,” Carney warned. “When major economies turn inward, the whole world suffers.”

A Call for Collaboration

Carney urged global leaders to rethink protectionist strategies and instead focus on collective growth. He emphasized that coordinated economic policies and open trade are key to overcoming global challenges such as inflation, recession risks, and rising debt levels.

“Global economic growth is a shared responsibility,” Carney concluded. “No country can succeed by isolating itself. We need smart, inclusive, and forward-thinking policies to move ahead.”