{"id":293693,"date":"2025-04-30T01:00:05","date_gmt":"2025-04-30T01:00:05","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/30\/mark-carney-has-to-deliver-on-trump-and-the-economy-after-canada-election-win\/"},"modified":"2025-04-30T01:00:05","modified_gmt":"2025-04-30T01:00:05","slug":"mark-carney-has-to-deliver-on-trump-and-the-economy-after-canada-election-win","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/30\/mark-carney-has-to-deliver-on-trump-and-the-economy-after-canada-election-win\/","title":{"rendered":"Mark Carney Has to Deliver on Trump and the Economy After Canada Election Win"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i2.wp.com\/static01.nyt.com\/images\/2025\/04\/29\/multimedia\/29int-canada-carney-pjbz\/29int-canada-carney-pjbz-facebookJumbo.jpg?ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Mark Carney Has to Deliver on Trump and the Economy After Canada Election Win\" title=\"Mark Carney Has to Deliver on Trump and the Economy After Canada Election Win\" \/><\/div><p> <br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Canada\u2019s banker-turned-prime-minister pulled off a political miracle, leading his party from polling abyss to a rare fourth term in power, and securing the top government job after entering electoral politics just three months ago.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mark Carney, the country\u2019s new leader, told Canadians that <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/26\/world\/canada\/mark-carney-canada-election-trump.html\" title=\"\">he was the right person to stand up to President Trump<\/a> and that, with his economics expertise, he knew how to boost the country\u2019s lackluster economy and fortify it in turbulent times. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">Now he has to actually do all of that, and quickly, as his country moves from a prolonged period of political turmoil and faces the fallout of a trade war with its closest ally and economic<span class=\"css-8l6xbc evw5hdy0\">  <\/span>partner: the United States. <\/p>\n<h2 class=\"css-13o6u42 eoo0vm40\" id=\"link-6752bea9\">Mess at Home<\/h2>\n<p class=\"css-at9mc1 evys1bk0\">When Mr. Carney\u2019s predecessor, Justin Trudeau, announced in January that he would resign after 10 years leading Canada, he created a rare opportunity that Mr. Carney jumped at. <\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">But after Mr. Carney won the race to replace Mr. Trudeau in March as prime minister and leader of the Liberal Party, he also inherited a messy situation at home that he must now urgently take on. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">The Canadian Parliament has not been in session since before Christmas, after Mr. Trudeau suspended its activities to be able to hold the Liberal leadership election that elevated Mr. Carney. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">As a result, the country has been in an state of political instability for months with no ability to pursue a legislative agenda. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">And Mr. Carney doesn\u2019t yet have his own cabinet \u2014 he made small changes to the one he inherited from Mr. Trudeau, but he is likely to put his personal stamp on the government by choosing top ministers now that he\u2019s won the national elections.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-3\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Mr. Carney will need to move swiftly to win the necessary parliamentary allies and ensure the stability of his party while keeping it from becoming vulnerable to collapsing through a vote of no confidence, which would trigger new elections. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThe first order of business is getting a cabinet and getting Parliament back as soon as possible,\u201d said Matthew Holmes, a senior executive at the Canadian Chambers of Commerce, which represents business interests. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cWe need to see the prime minister come in and quickly move into lawmaking,\u201d Mr. Holmes said. \u201cThere is no honeymoon for this prime minister.\u201d<\/p>\n<h2 class=\"css-13o6u42 eoo0vm40\" id=\"link-6febece0\">Stability now<\/h2>\n<p class=\"css-at9mc1 evys1bk0\">A key pitch to Canadians that worked in Mr. Carney\u2019s favor at the ballot box was that he was exactly the right leader to navigate the reordering of global trade and security prompted by Mr. Trump. <\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-4\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Mr. Carney\u2019s past experience leading major institutions through upheaval, including the Bank of England through Brexit, were key in convincing many Canadians who backed him that his credentials were aligned for the challenges Canada faces.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Canadian businesses are looking to Mr. Carney to restore a sense of order to commerce with the United States. Mr. Trump\u2019s tariffs on Canadian goods have been a moving target, with the administration pulling back on some levies, while applying new ones, with no sense of a coherent economic rationale.<span class=\"css-8l6xbc evw5hdy0\">  <\/span>The result has been a halt to private sector in investment in Canada, Mr. Holmes said. Mr. Carney should address that immediately, he said. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cCapital is frozen and paralyzed watching the trade war play out and not knowing what the future is going to be,\u201d Mr. Holmes said. \u201cHe needs to inject certainty in that.\u201d<\/p>\n<h2 class=\"css-13o6u42 eoo0vm40\" id=\"link-54d93817\">Anti-Trump<\/h2>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Carney\u2019s framing of his campaign around Mr. Trump\u2019s threats to Canada have elevated him to a global anti-Trump figure. He<span class=\"css-8l6xbc evw5hdy0\">  <\/span>is the first major leader to be elected on an explicitly anti-Trump campaign since the Mr. Trump\u2019s re-election. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cAs I\u2019ve been warning for months, America wants our land, our resources, our water,\u201d Mr. Carney told supporters gathered in Ottawa, Canada\u2019s capital, in the early hours Tuesday to celebrate his victory. \u201cPresident Trump is trying to break us so he can own us. That will never happen,\u201d he added as the crowd booed. <\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-5\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Later on Tuesday, the two men spoke by phone, their offices said, and agreed to meet soon. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Carney\u2019s fiery rhetoric could prove a problem if the two leaders do talk in person. Mr. Carney has said he wants to gain Mr. Trump\u2019s respect, while also being open to discussions about what the future relationship between the two countries on various issues, including trade and security, will look like.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThere is an appetite in the West to find an anti-Trump figure to take up the mantle of leader of the free world,\u201d said Stephen Wertheim, a senior fellowat the Carnegie Endowment for International Peace. \u201cI think that\u2019s a hazardous proposition.\u201d <\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThe minute the media starts hyping a foreign leader as the hand of global anti-Trump resistance, that will put a target on that leader\u2019s back,\u201d Mr. Wertheim added.<span class=\"css-8l6xbc evw5hdy0\">   <\/span><\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Carney is likely to strike a more nuanced tone behind closed doors with Mr. Trump, but the Canadian public will be looking for the defiance and pride that he promised on the campaign trail. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">And the fact remains that the United States has imposed tariffs on key Canadian sectors, like the auto industry, and that Mr. Trump continues to regularly say he wants Canada to become the 51st state, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/28\/world\/canada\/trump-51-state.html\" title=\"\">including on Canada\u2019s Election Day<\/a>.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-6\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Mr. Wertheim said Mr. Carney should ignore the threats and focus on striking a deal. \u201cI think Carney shouldn\u2019t get too fixated on the annexation threat,\u201d he said. \u201cIf Trump makes one, it will probably be half a joke, and Carney should dish it right back and smile.\u201d <\/p>\n<h2 class=\"css-13o6u42 eoo0vm40\" id=\"link-35a8359a\">Playing Host<\/h2>\n<p class=\"css-at9mc1 evys1bk0\">An early test of Mr. Carney\u2019s ability to manage dealing with Mr. Trump will take place when he hosts the summit of the Group of 7 industrialized economies leaders in Kananaskis, Alberta, in June. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump is expected to attend, and will find himself among America\u2019s closest allies, all of whom have been hit with U.S. tariffs. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Carney, on the contrary, will be among friends, in his own backyard. He has a personal relationship with President Emmanuel Macron of France and Prime Minister Keir Starmer of Britain, and is seeking to negotiate a military spending<span class=\"css-8l6xbc evw5hdy0\">  <\/span>deal with Ursula von der Leyen, the top European Union official. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">It is unclear what, if anything, will be decided at the summit since global gatherings like these tend to be about coordinating policy at a higher level rather than yielding anything specific. <\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-7\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Still, there is a large margin for error. The last time Mr. Trump attended a G7 summit in Canada, he had a blowup with Mr. Trudeau, left without signing an anodyne joint communiqu\u00e9, and then called Mr. Trudeau \u201ctwo-faced.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Carney will need to closely stage-manage the event to try to prevent any unpleasantries. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThe G7 leaders\u2019 summit in June will really shape the early assessment of his success,\u201d Mr. Holmes said. \u201cThis is what he campaigned on, that he can handle a very complex geopolitical international situation.\u201d <\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/04\/29\/world\/canada\/canada-election-carney-trump.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s banker-turned-prime-minister pulled off a political miracle, leading his party from polling abyss to a rare fourth term in power, and securing the top government job after entering electoral politics just three months ago. Mark Carney, the country\u2019s new leader, told Canadians that he was the right person to stand up to President Trump and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":293694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static01.nyt.com\/images\/2025\/04\/29\/multimedia\/29int-canada-carney-pjbz\/29int-canada-carney-pjbz-facebookJumbo.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[60222,740,116307,78588,165435,3670,163575,1933,50,67,189272,164053,8510,165074,73,165112,17035,52,1021,128437,1460],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/293693"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=293693"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/293693\/revisions"}],"predecessor-version":[{"id":293695,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/293693\/revisions\/293695"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/293694"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=293693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=293693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=293693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}