Canadian Prime Minister Mark Carney has warned of global fissures beyond US threats to Greenland.
“We knew the story of the international rules-based order was partially false, that the strongest would exempt themselves when convenient, that trade rules were enforced asymmetrically,” Carney said in a speech at Davos.
He pointed out that US power had meant that the rules-based order had been imperfect, with the enforcement of trade rules and international law applying on the basis of military and economic might.
LIVE: from the World Economic Forum • EN DIRECT : au Forum économique mondial https://t.co/fcNf3WUYbf
“This fiction was useful, and American hegemony, in particular, helped provide public goods, open sea lanes, a stable financial system, collective security and support for frameworks for resolving disputes.”
“So, we placed the sign in the window. We participated in the rituals, and we largely avoided calling out the gaps between rhetoric and reality.”
“This bargain no longer works. Let me be direct. We are in the midst of a rupture, not a transition,” Carney said.
Canada, a founding NATO member, has also been threatened by the United States with Trump previously referring to Prime Minister Carney as the country’s “governor.”
US Treasury Secretary Bessent slams Denmark as ‘irrelevant’
While answering questions before the arrival of his boss US President Donald Trump in Davos, Switzerland, US Treasury Secretary Scott Bessent brushed off concerns about European sell-offs of US bonds.
As Trump has turned up pressure on allies, these have in turn pitched the idea of withdrawing long-term investments in the US.
“Denmark’s investment in the US Treasury bonds, like Denmark itself, is irrelevant,” Bessent replied when asked about the US ally.
“I’m not concerned at all,” he said, adding, “Again, as treasury secretary, I see our Treasury auctions. We’ve had record foreign investment.”
