World trading order facing biggest threats since Second World War: Freeland
OTTAWA — With the winds of a potential China-U.S. trade war gaining strength, Foreign Affairs Minister Chrystia Freeland says the global trading order that Canada helped create faces its greatest threat since 1945.
“I think that in some ways this is the most fraught moment since the end of the Second World War. And that’s a big thing to say,” Freeland said during a panel discussion in Winnipeg on Wednesday.
Freeland said the global trading order is now facing its most challenging moment since Canada helped establish it after the war, a development that laid the foundation for the peace and prosperity that much of the Western world currently enjoys.
She didn’t name the Trump administration, but it is at the epicentre of economic uncertainty that has thrust world markets into downward spiral in recent days.