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The rules-based international order is undergoing a 'rupture, not a transition', Canada’s Prime Minister Mark Carney said on Tuesday in a speech that did not mention US President Donald Trump by name, but won a standing ovation at the World Economic Forum

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141,275 views • 5 months ago •via X (Twitter)

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This year's World Economic Forum was quite dramatic. President Trump roared into Davos with a fiery speech. Canadian Prime Minister Mark Carney declared that the rules-based international order has been irreparably ruptured. I spoke with the Financial Times' Martin Wolf about the key developments from the conference:

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"If we're not at the table, we're on the menu." Canadian Prime Minister Mark Carney accused President Trump of rupturing the world order through economic coercion, and warned that the world is in the midst of a “rupture, not a transition,” as great powers increasingly use economic integration as “weapons,” and cautioned that middle powers must act together or risk negotiating “from weakness.”

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FULL SPEECH: Historic address of Canada’s Prime Minister Mark Carney at Davos, declaring the rules-based world order is breaking and U.S. dominance is fading. Carney urges middle powers to reject “living within a lie”.

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Prime Minister Mark Carney received a standing ovation in Davos after condemning powerful nations like the US for weaponizing trade, prompting US President Donald Trump to attack Carney and asking Canada to be 'grateful'

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US President Trump publicly criticized Mark Carney in Davos, saying his country should be grateful after the Canadian prime minister's speech on a rupture in the international order and his desire to ally with like-minded countries

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🚨BREAKING! TRUMP'S SELF CREATED MESS EXPLODING! "This bargain no longer works." Canadian Prime Minister Mark Carney's major address at the World Economic Forum in Davos, Switzerland, is causing SHOCKWAVES worldwide. "Friends, it is time for companies and countries to take their signs down." Carney called on the world’s middle powers to band together to resist coercion from aggressive superpowers and create new alliances because the U.S. rules-based international order has effectively ended. "Let me be direct: We are in the midst of a rupture, not a transition."

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Canada's PM Mark Carney: "The world is undergoing a rupture across several dimensions in technology, in energy, in commerce, and geopolitics. Integration is being used as a weapon by some, and the rules are not constraining the hegemons."

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🇨🇦 Canadian Prime Minister Mark Carney told the World Economic Forum at Davos that the U.S.-led “rules-based international order” is finished and “will not return.” “For decades, countries like Canada benefited from what was called the rules-based international order,” Carney said. “We joined its institutions. We praised its principles. We benefited from its predictability.” But, he added, “we knew the story… was partially false.” “The strongest would exempt themselves when convenient,” Carney said, arguing that “trade rules were enforced asymmetrically,” and “international law applied with varying rigor depending on the identity of the accused or its victim.” “We participated in the rituals. And we largely avoided calling out the gaps between rhetoric and reality.” That “pleasant fiction,” he states, no longer works. The new world is one where economic integration and financial infrastructure are openly used by hegemons—hinting at the United States—as “weapons” for “economic coercion.” Carney rejected reliance on bilateral deals with dominant powers. “When we only negotiate bilaterally with a hegemon, we negotiate from weakness,” he said. “This is not sovereignty. It is the performance of sovereignty while accepting subordination.” Instead, he called for “values-based realism,” urging middle powers to act together and build a third path that is not a “world of fortresses,” but partnerships with partners with shared standards. If you are not at the table,” Carney said, “you are on the menu.” His remarks were met with a rare standing ovation in the room. Full speech below.

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