Donald Trump has once again demonstrated the very instability Mark Carney warned the world about: that the United States, under Trumpism, is no longer a reliable anchor of the global economic order. Carney’s argument was not ideological—it was structural. When economic power is wielded impulsively, norms collapse.
Trump’s renewed threats of tariffs, trade retaliation, and economic coercion confirm that point in real time. Markets depend on predictability, alliances depend on trust, and global finance depends on rules that outlast any single leader. Trump rejects all three. His approach treats the world economy as a zero-sum contest driven by grievance rather than cooperation.
The result is not American strength but accelerated fragmentation. Allies hedge. Rivals adapt. Capital flows elsewhere. Institutions designed to stabilize crises are weakened precisely when they are most needed.
Carney argued that leadership is about stewardship—protecting systems that benefit everyone, including the United States. Trump’s actions prove the opposite lesson: when a nation weaponizes uncertainty, it forfeits moral authority and economic influence.
In proving Carney right, Trump underscores a sobering truth: the danger is not global competition—it is global chaos, self-inflicted.
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