The global economy is "here" and "done," President Obama said Wednesday — the question now is under what terms it will be shaped.Obama spoke at a news conference that was dominated by questions about global trade, the effects of Brexit, and Donald Trump. It followed a summit meeting with the leaders of Canada and Mexico in Ottawa.
"Integration of national economies into a global economy, that's here, that's done," Obama said. Speaking on the second day of a stock market rally, which came after sharp drops following Great Britain's vote to leave the European Union, Obama said it was important not to draw analogies to what happened with Brexit with trade relations between the U.S., Mexico, and Canada. Obama said ordinary people with concerns about global trade "have a legitimate gripe with globalization."
"Integration of national economies into a global economy, that's here, that's done," Obama said. Speaking on the second day of a stock market rally, which came after sharp drops following Great Britain's vote to leave the European Union, Obama said it was important not to draw analogies to what happened with Brexit with trade relations between the U.S., Mexico, and Canada. Obama said ordinary people with concerns about global trade "have a legitimate gripe with globalization."
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