Mark Carney was officially sworn in Friday (14 Mar
’25)as Canada's new Prime Minister before Governor General Mary Simon, the
personal representative of King Charles. He insisted his country would not
become Washington's 51st State, as suggested by US President Donald Trump.
Canada “will never, ever, in any way, shape or form, be part of the United
States,” he stressed.
The new head of Government's first challenge is
Trump imposing 25% tariffs on Canadian steel and aluminum and threatening
broader trade measures, prompting Canada to retaliate. Carney has prioritized
addressing the trade war with the US. While open to negotiating with Trump, he insists
on respect for Canadian sovereignty through a “much more comprehensive approach
for trade.″ He has described the United States as once Canada's closest ally
but now a country he can ”no longer trust.” He also pledged to keep in place
the retaliatory tariffs on US goods such as metals, computers, sports gear, and
other products until the US showed Canada some respect.
The Prime
Minister also plans to strengthen ties with European allies, with upcoming
visits to Paris and London to discuss trade and security. Domestically, Carney
faces an imminent general election, with polls showing a tight race against the
opposition Conservatives, who criticize him as an elitist despite his lack of
prior elected office experience. Carney
has distanced himself from his predecessor Justin Trudeau’s policies, notably
scrapping the carbon tax while emphasizing market-led climate solutions. His
cabinet retains much of Trudeau’s team, particularly those handling US trade
talks. Officials in Ottawa said they were looking to set up a call between
Trump and Carney in the coming days.
In the new
cabinet, Finance Minister Dominic LeBlanc moved to International Trade, with
Innovation Minister Francois-Philippe Champagne replacing him, while Foreign
Minister Melanie Joly kept her post.
Despite his
global financial background, Carney’s political inexperience may be tested as
he navigates both domestic challenges and deteriorating cross-border relations. Carney was an investment banker at
Goldman Sachs before serving as governor of the Bank of Canada during the
2008-2009 financial crisis and also led the Bank of England through the turmoil
surrounding the Brexit vote.
He has countered that his global experience,
including in the private sector, has equipped him to drive the Canadian economy
forward as it faces a rupture with its most important trading partner.