Mark Carney's Davos speech
On 20 January 2026, Mark Carney, Prime Minister of Canada, delivered his speech "Principled and Pragmatic: Canada's Path" at the 56th World Economic Forum. It is widely considered to be a veiled denunciation of United States policy under the second Donald Trump administration, which has engaged in aggressive trade wars (including against Canada) and sparked a crisis involving several countries by pursuing territorial expansion. Carney's call to action advocated greater cooperation between the world's middle powers and other smaller countries in order to protect their vital interests in light of what he termed a "rupture" in the world order due to erratic shifts in U.S. foreign and economic policies. In his speech, Carney stated that the rules-based world order of the post–Cold War era, enabled by "American hegemony", had experienced "a rupture, not a transition", and called on middle powers to unite against economic coercion from great powers, which "have begun using economic integration...
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