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Carney calls for new partnership with US as Trump mulls whether to renew free trade agreement

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Carney calls for new partnership with US as Trump mulls whether to renew free trade agreement
News

News

Carney calls for new partnership with US as Trump mulls whether to renew free trade agreement

2026-05-29 08:06 Last Updated At:11:40

TORONTO (AP) — Canadian Prime Minister Mark Carney called for a new partnership with the United States on Thursday, just weeks before President Donald Trump decides on whether to renew the free trade agreement between the countries.

Carney said in a speech at the Economic Club of New York that there should be a “true partnership” that re-imagines cooperation in specific sectors challenged by global competition.

He made the remarks ahead of the mandatory review of United States-Mexico-Canada Agreement, or USMCA, in July.

Carney said Canada is diversifying away from the U.S. and signing trade deals with dozens of countries around the world.

“Our core objective across these partnerships is to increase our strategic autonomy. Because we live in a world where integration has been weaponised. Because a country that cannot feed, fuel or defend itself is not truly sovereign,” Carney said.

Trump’s actions — including launching a trade war and suggesting Canada become the 51st U.S. state — have infuriated Canadians and created the political environment for Carney to win the job of prime minister after promising to confront Trump.

The Canadian prime minister has emerged as a spokesman for a movement for countries to find ways to link up and counter the U.S. under Trump. Carney has set a goal for Canada to double its non-U.S. exports in the next decade, saying American tariffs are causing a chill in investment.

“Canada Strong will help make America great again. The examples are legion where we should work together and compete with the world together. And to those ends, we have made specific, practical proposals to the US Administration,” Carney said.

Canada has been protected by the heaviest impact of Trump’s tariffs by the Canada-U.S.-Mexico Agreement but that trade agreement is up for a review and certain key sectors like aluminum and steel have been hit hard by tariffs.

The prime minister noted Canadian aluminum exports to the U.S. are the energy equivalent of 10 Hoover dams and that it doesn’t make sense to replace Canada.

“With America’s growing energy needs, does it make sense to build the Gigawatts needed to replace Canada?” Carney said.

He also noted that on automobiles, Canada is America’s biggest customer, and “an integrated North American market for production is the best and most durable way to confront intense global competition.”

Carney also said on critical minerals, with its vast reserves of potash, nickel, copper and uranium, Canada can be the most reliable supplier that America needs to put affordable food on the table, to strengthen its national defence and meet exploding demand to power AI.

“At a time of a global energy crisis, Canada provides the United States with the reliable power and critical minerals that help fuel American growth: 99% of U.S. natural gas imports, 85% of electricity imports and 60% of crude oil imports,” Carney said.

Carney said Canada is America’s largest customer, buying more goods than China, Japan and the Germany combined.

“When Canada and the United States have had our differences over the years, we have always — eventually — worked through them, because our shared values and common interests run deep. They run through our economies,” he said.

Carney also met with representatives of BlackRock, JP Morgan Chase, Blackstone, Morgan Stanley and Apollo while in New York.

Dominic LeBlanc, Canada’s minister for U.S. trade, is heading to Washington next week for talks. LeBlanc has previously warned that the free trade agreement could be subject to annual review and that uncertainty could be the objective of the Trump administration.

Canadian Prime Minister Mark Carney delivers a speech and takes part in an armchair discussion at The Economic Club of New York, in New York, on Thursday, May 28, 2026. (Sean Kilpatrick/The Canadian Press via AP)

Canadian Prime Minister Mark Carney delivers a speech and takes part in an armchair discussion at The Economic Club of New York, in New York, on Thursday, May 28, 2026. (Sean Kilpatrick/The Canadian Press via AP)

MOSCOW (AP) — Members of a Russia-led economic alliance on Friday warned member Armenia that it could face suspension over its aspirations to join the European Union as tensions continued to simmer between the Kremlin and the Armenian leadership.

Russian President Vladimir Putin and leaders of Belarus, Kazakhstan and Kyrgyzstan, who attended a summit of the Eurasian Economic Union in Kazakhstan's capital of Astana, noted that Armenia's bid for the EU membership creates “significant risks” for their economic security. They ordered their officials to prepare a report in December on “possible consequences of suspending” Armenia's membership in the grouping.

The four leaders also urged Armenia to hold a referendum to offer voters a choice between seeking a membership in the EU or staying in the Eurasian Economic Union, a single market created in 2015 to allow the free movement of goods, capitals and labor. Armenia's Prime Ministe r Nikol Pashinyan has previously rejected the idea of holding the vote.

The warning comes just over a week before Armenia's parliamentary elections on June 7, in which Pashinyan, in power since 2018, seeks to retain his job.

Armenia, which signed a U.S.-brokered agreement last year ending decades of hostilities with Azerbaijan, has increasingly sought to forge closer ties with the U.S. and the EU. Pashinyan has declared an intention to join the EU and his government has suspended the country’s participation in a Moscow-dominated security pact, the Collective Security Treaty Organization.

Armenia's westward shift has angered the Kremlin. Putin has warned Pashinyan that his country would suffer massive economic damage if it pursues its EU aspirations. In recent days, Moscow warned Armenia that it could stop supplies of cheap natural gas and banned imports of Armenian brandy, fruit and vegetables, part of the Kremlin's efforts to sway the outcome of Armenia's election.

Putin has said Armenia can't be a member of both the EU and the Eurasian Economic Union. He warned Friday that Armenia could lose up to 14% of its Gross Domestic Product if it opts out of the Moscow-dominated bloc.

Pashinyan has countered Putin's warnings by arguing that for now Armenia can combine its membership in the Eurasian Economic Union with developing cooperation with the EU.

Speaking Friday, Putin also compared the current arguments with Armenia to the developments in Ukraine, whose bid to sign an association deal with the EU led to the ouster of its Moscow-friendly president, Russia's annexation of Ukraine's Crimean Peninsula in 2014 and Moscow's support for a separatist insurgency in eastern Ukraine that erupted the same year. In February 2022, Putin sent troops into Ukraine, staring the largest military conflict in Europe since World War II.

Russian President Vladimir Putin holds a news conference after the Supreme Eurasian Economic Union summit in Astana, Kazakhstan, Friday, May 29, 2026. (Alexander Shcherbak/Sputnik, Kremlin Pool Photo via AP)

Russian President Vladimir Putin holds a news conference after the Supreme Eurasian Economic Union summit in Astana, Kazakhstan, Friday, May 29, 2026. (Alexander Shcherbak/Sputnik, Kremlin Pool Photo via AP)

A view of the session of the Supreme Eurasian Economic Council summit at the Independence Palace in Astana, Kazakhstan, Friday, May 29, 2026. (Alexander Kazakov, Sputnik, Kremlin Pool Photo via AP)

A view of the session of the Supreme Eurasian Economic Council summit at the Independence Palace in Astana, Kazakhstan, Friday, May 29, 2026. (Alexander Kazakov, Sputnik, Kremlin Pool Photo via AP)

Front from left: Belarusian President Alexander Lukashenko, Russian President Vladimir Putin, Kazakhstan's President Kassym-Jomart Tokayev, and Kyrgyztan's President Sadyr Zhaparov attend a plenary session of the Eurasian Economic Forum in Astana, Kazakhstan, Thursday, May 28, 2026. (Alexander Kazakov/Sputnik, Kremlin Pool Photo via AP)

Front from left: Belarusian President Alexander Lukashenko, Russian President Vladimir Putin, Kazakhstan's President Kassym-Jomart Tokayev, and Kyrgyztan's President Sadyr Zhaparov attend a plenary session of the Eurasian Economic Forum in Astana, Kazakhstan, Thursday, May 28, 2026. (Alexander Kazakov/Sputnik, Kremlin Pool Photo via AP)

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