Carney Dismisses ‘Leverage’ Talk, Says Canada Comes to Trade Table as a Partner, Not a Threat

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Female speaker at a podium on stage during a Liberal event, with red banners, Canadian flags, and a large red 'Liberal Montréal 2016' screen.
Carneys comments arrive at a critical juncture With the Canada United States Mexico Agreement known in Canada as CUSMA up for renegotiation

Canada’s newly minted Prime Minister Mark Carney is pushing back against the growing narrative that Ottawa plans to use its vast energy and critical mineral reserves as a bargaining chip against Washington, insisting the country’s approach to upcoming trade talks will be one of partnership rather than pressure.

Speaking to The Canadian Press in his first interview since throwing his hat into federal politics over a year ago, Carney was careful with his words and deliberate in rejecting the framing that has begun circulating on both sides of the border.

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“We’re not talking about cutting off anything,” Carney made clear, drawing a sharp distinction between wielding resources as a threat and simply recognizing their mutual value in continental trade. He stopped short of using the word “leverage” a term he appears keenly aware carries a very particular sting in Washington right now.

That awareness is well-founded. United States Trade Representative Jamieson Greer had already put Canada on notice in remarks to a Washington audience, warning Ottawa not to treat its energy and mineral wealth as ammunition heading into negotiations over the renewal of the continental free trade agreement.

Carney’s comments arrive at a critical juncture. With the Canada-United States-Mexico Agreement known in Canada as CUSMA up for renegotiation, the tone and positioning of both governments will matter enormously. Trade tensions that simmered through Trump’s first term never fully cooled, and now, with Trump back in the White House, the pressure is back on.

Interestingly, Carney also went out of his way to defend the man he replaced. Former Prime Minister Justin Trudeau, often criticized for his handling of Canada-U.S. relations during Trump’s first term, got a notable endorsement from his successor. Carney credited Trudeau with successfully steering CUSMA through what was, by any measure, a turbulent negotiation.

“It stands the test of time,” Carney said of the agreement, adding that he believes “much of it will be retained” as talks move forward.

Whether that confidence proves warranted remains to be seen. But for now, Canada’s new prime minister appears focused on one message above all others: Ottawa is coming to the table as a partner and intends to be treated like one.

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