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Economic Editor, BBC News
Business Reporter, BBC News
Canadian Prime Minister Mark Carney said his country deserves respect from the United States and will only go into talks about trade and security with President Donald Trump “Under our Conditions.”
Speaking exclusively about the BBC, when the polls closed, Carney said he would visit Washington only when there was a “serious discussion that should be held” that respects Canada’s sovereignty.
Following the re-election of Trump in the White House, the US President has repeatedly mentioned that Canada is the “51st country” of America, which infuriated the Canadians.
Carney, who secured a historic victory for his Liberal Party of Snap Elections on Monday, said such a scenario was “never, will never happen.”
“Honestly, I don’t think this will ever happen to any other (country) … Whether it’s Panama or Greenland or elsewhere,” he added.
However, he said he had a “winning opportunity to win” for his country if it could provide a deal with the United States and also be based on commercial relations with the European Union and the United Kingdom.
The United States is a large market for Canadian companies with approximately 75% of Canada’s exports to the south.
Canada represents much smaller 17% of US exports.
Canada is also the largest foreign provider of raw oil in America. America’s trade deficit with Canada – is expected to be $ 45 billion in 2024 – is the most of all the energy needs of the United States.
In recent months, Canada and the US relations have been strained, driven by Trump’s conversations about the “51st country” and citing previous Prime Minister Justin Trudeau as a “governor” – the title of leaders of individual US countries.
The US President also sparked a global trade war in which Canada was one of the first tariffs aimed.
Trump has partially imposed a 25% tariff of various Canadian goods, along with 25% import taxes on all imports of aluminum and steel, but has released products covered by a trade deal in the US, Canada and Mexico, known as USMCA.
Canada avenged US $ 60 billion tariffs ($ 42 billion; £ 32 billion).
Carney said the conversations with Trump would be “under our conditions, not under their conditions.”
“There is a partnership that there should be, an economic and secure partnership,” he said.
“This will be much different than we had in the past.”
Carney has declared his attempt to cope with global economic crises as a way to deal with Trump for tariffs.
Before becoming prime minister in early March, Carney had never held a political position.
He is a trading banker leading the Canada Bank during the global financial crisis in 2008 before becoming the first non-British man to take over the highest work in the Bank of England from 2013 to 2020.
The prime minister said Canada is “the biggest customer for more than 40 states” in the United States.
“Remember that we deliver them (US) with vital energy. Remember that we supply their farmers mainly all their fertilizers,” Carney told the BBC.
“We deserve respect. We expect respect and I am sure that we will receive it in a timely manner and then we can hold these discussions.”
Canada and the United States, along with Mexico, have deeply integrated economies, with billions of pounds worth produced by goods that cross borders on a daily basis, for example, car parts.
The introduction of tariffs, which are taxes imposed on goods when they enter a country and pay by the importer, threatens decades of cooperation between nations.
Trump claims that tariffs will encourage more Americans to buy goods in the country, which will eventually increase production and jobs in the United States.
While the main opponent of America in the global trade conflict is China, the introduction of Trump’s blanket, the so-called “reciprocal rates” of the likes of the United Kingdom and other European countries has led to allies seeking new agreements in response to the world’s largest economy barriers.
Carney, who approved the United Kingdom Chancellor Rachel Reeves during the British General Election, said that “one would think” that Canada and the United Kingdom could sign a stagnation of the free trade agreement as part of the diversification of trade, but stressed about 95% of the trade.
“We could expand the level of integration between our adherents. Thoughts of defense partnerships and these conversations have just started, so there are many things we can do,” he added.
In a statement congratulating Carney, the United Kingdom Prime Minister Sir Kyar Starmer said: “I know we will continue to work closely in defense, security, trade and investment.”
Carney said the summit of the G7, hosting Canada in June, would be “very important” to the decision of the future path of the World Trade War, adding that it “will” test “whether the group of the seven most advanced economies in the world – which includes the United States – is still the most comprehensive.”
The summit will happen just before the 90-day break at some of Trump’s higher tariffs to expire.