Overview

• Mark Carney's Liberal Party won 168 seats in the Canadian federal election, forming a minority government just four seats short of a majority.
• Carney's campaign focused on resisting U.S. economic pressures and annexation rhetoric under President Trump's administration.
• Trump's tariffs on Canadian steel and aluminum, initially raised to 50% before being reduced to 10%, fueled bilateral tensions and influenced Canadian voter sentiment.
• Carney has vowed to reduce economic reliance on the U.S., strengthen domestic production, and expand trade ties with Europe and other global partners.
• As Canada assumes the G7 presidency, Carney aims to position the country as a global leader in multilateralism, countering protectionist policies.