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Free-Trade Era Ends, Canada’s PM Warns Asia-Pacific Leaders
Canada’s PM warns that the era of free trade is over, as major economies adapt to new global-economic dynamics.
At the APEC Summit in South Korea, Canadian Prime Minister Mark Carney told Asia-Pacific counterparts that the age of unfettered free trade and investment has come to a close. He said global economic patterns are shifting amid geopolitical tensions, supply-chain disruptions and protectionist policies. China’s leadership reaffirmed support for global trade during the session, indicating a complex global stance. The remarks highlight how major economies are recalibrating trade strategies as traditional frameworks face stress.