Canadian Prime Minister Warns Protectionism Greatest Threat to Global Economy
Summit of the Americas should focus on free trade, not Cuba
PORT-OF-SPAIN, Trinidad and Tobago — Protectionism is the biggest threat to the global economy, Canadian Prime Minister Stephen Harper told FOX News on Friday, adding that the fifth Summit of the Americas should focus on free trade, not a potential thaw in relations between the United States and the communist island nation of Cuba.
Canada is "obviously worried about" moves to erect trade barriers worldwide, Harper told FOX News. "The biggest threat to the economy right now is an increase in protectionism. Governments are doing all kinds of things to mitigate the effects," he said. Increased protectionism would mean "recession or worse for a very long time." More...