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Economics Editor, BBC NEWS
Business Reporter, BBC NEWS
Canadian Prime Minister Mark Karnya said his country deserves respect from the US and will only be discussed in trade and security with President Donald Trump “on our terms.”
Speaking solely from the BBC, when the polls closed, Carney said he would visit Washington only when there was a “serious discussion” that respected Canada’s sovereignty.
Since Trump’s re-election in the White House, the US president has repeatedly mentioned that she had made Canada a “51st state” of America, which had angry the Canadians.
Carney, who on Monday provided a historic victory for his liberal party, said such a scenario was “never happened”.
“Honestly, I don’t think it will never happen in relation to any other (country) … Be it Panama, Greenland or elsewhere,” he added.
However, he said that there was a “win -win possibility” for his country if it can provide an agreement with the US and rely on trade relations with the European Union and the UK.
The United States is a large market for Canadian enterprises with approximately 75% of Canada’s exports to the south.
Canada accounts for a much smaller 17% of US exports, although this is the second largest US trading partner for Mexico.
Canada is also the largest foreign crude oil supplier in America. Trade deficit in America with Canada – it is estimated that in 2024 $ 45 billion was made – mainly due to US energy requirements.
In recent months, the intense relations of Canada and the US have been caused by Trump’s conversations about the “51st state” and referred to the previous Prime Minister Justina Trudu as the “governor” -the title for the leaders of individual US states.
The US president also summoned a global trade war in which Canada was one of the first countries to tariffs.
Trump partially imposed a 25% tariff on various Canadian goods, as well as 25% of taxes on all aluminum and steel imports, but released products covered by American, Canada and Mexico, a trade transaction known as USMCA.
Canada avenged some $ 60 billion ($ 42 billion; £ 32 billion) tariffs for US goods.
Carney said talks with Trump would be “under our terms, not on their terms.”
“There is a partnership, economic and security,” he said.
“It will be completely different than ours in the past.”
Carney has played his experience with global economic crises as a way of combating Trump at tariffs.
Before becoming Prime Minister in early March, Carnie never held a political position.
He is a trading banker, headed by Canada’s bank during the 2008 global financial crisis before becoming the first non -Critic person who took over the main job at the Bank of England from 2013 to 2020.
The Prime Minister said Canada was “the largest customer for more than 40 states” in the US.
“Remember that we supply them (the US) vital energy. Remember that we supply our farmers mostly all their fertilizers,” Carney BBC said.
“We deserve respect. We are waiting for respect, and I am sure we’ll get it again, and then we can conduct these discussions.”
Canada and the United States, along with Mexico, have deeply integrated economies, such as derivatives produced by billions of pounds, daily crossing the borders.
The introduction of tariffs, which are subject to taxes that are levied on goods when they enter the country and are paid for importers, threatens cooperation between peoples for decades.
Trump claimed that tariffs would encourage more Americans to buy domestic goods, which will eventually increase US production and jobs.
While the main opponent of America in the world trade conflict is China, the introduction of a Trump’s blanket, the so -called “mutual tariffs” to the UK and other European countries has led to the allies seeking fresh agreements in response to barriers to trade with the world’s largest economy.
Karnya, who supported the UK Chancellor Rachel Rivz during the British general elections, said that “you might think” that Canada and the UK could sign a delay of free trade agreement within the framework of trade diversification, but nominated about 95% of trade between countries that are no longer effective.
“We could expand the level of integration between our countries, like-minded. You think about defensive partnerships, and these conversations have just begun, so there is much that we can do,” he added.
In a statement, congratulating Carney, UK Prime Minister Sir Keir Starmer said: “I know we will continue to work closely on protection, security, trade and investments.”
Karni said the G7 summit in June would be “very important” in determining the future path of the global trade war, adding that it will “put on the test”, whether the group of seven most progressed economies – which includes the United States – was still “unanimous with like -minded people.”
The summit will take place directly before the 90-day pause will end on some Trump’s higher tariffs.