BBC News Economics Editor
BBC News Business Reporter
Canadian Prime Minister Mark Carney said his country should be respected by the United States and only trade and security negotiations with President Donald Trump “as per our terms.”
Carney said he spoke only with the BBC when the poll was about to end, saying he only visited Washington in a situation where he had a "serious discussion."
Since Trump was re-elected to the White House, the U.S. president has repeatedly mentioned making Canada the "51st state" that angered Canadians.
Carney, who won a historic victory for his Liberal Party in a quick election on Monday, said the situation “never happens.”
He added: "Frankly, I don't think it will happen with any other (country) … whether it's Panama, Greenland or elsewhere."
However, he said his country has a "win-win possibility" if his country can reach an agreement with the United States and establish a deal with the EU and the United Kingdom.
The United States is a large market for Canadian businesses, with about 75% of Canada's exports to the south.
Canada accounts for 17% of U.S. exports, although it is the second largest trading partner after Mexico.
Canada is also the largest foreign crude oil supplier in the United States. The U.S.-Canada trade deficit - expected to be $45 billion in 2024 - is primarily driven by U.S. energy demand.
Relations between Canada and the United States have been tense in recent months, driven by Trump's talk about the "51st state" and accusing former Prime Minister Justin Trudeau of the "governor", the title of U.S. state leaders.
The U.S. president also triggered a global trade war, with Canada being one of the first countries to target tariffs.
Trump partially imposed a 25% blanket tariff on various Canadian goods and a 25% import duty on all aluminum and steel imports, but has exempted products covered by the U.S., Canada and Mexico trade agreement, called the USMCA.
Canada retaliated against the value of US goods at CAD 60 billion (US$4.2 billion; £3.2 billion).
Carney said the talks with Trump will "on our terms, not on their terms."
“There is a partnership, economic and security partnership,” he said.
“It will be completely different from the past.”
Carney touts his experience in dealing with the global economic crisis as a way to deal with Trump's tariffs.
Carney never held a political position before becoming prime minister in early March.
He is a trade banker, leading Bank of Canada to become the first non-British man to hold the highest position at the Bank of England between 2013 and 2020 during the 2008 global financial crisis.
The Prime Minister said Canada is the "largest customer of more than 40 states" in the United States.
Carney told the BBC: "Remember, we provide them (US) with important energy. Remember, we basically provide all the fertilizer for farmers."
"We deserve respect. We expect respect, and I believe we will put it into practice properly again and then we can have these discussions."
Canada and the United States have deep economies with Mexico, with billions of pounds of manufactured products crossing the border every day, such as auto parts.
The introduction of tariffs is taxes imposed on goods entering a country and paid by importers, threatening decades of cooperation between countries.
Trump believes that tariffs will encourage more Americans to buy domestically made goods, which will ultimately promote American manufacturing and jobs.
While the U.S.'s main rival in the global trade conflict is China, the introduction of Trump's blanket, the so-called "mutual tariffs" like the UK and other European countries, has led allies to seek new agreements to deal with barriers to trade with the world's largest economy.
Carney recognized Prime Minister Rachel Reeves during the UK election, saying “people would think” that Canada and the UK could sign a stalled free trade agreement, part of diversified trade, but stressed that about 95% of trade between the two countries is already effectively tax-free.
He added: "We can expand the level of integration between countries, among like-minded countries. You think about defense partnerships and those conversations are just beginning, so there are a lot we can do."
"I know we will continue to work closely on defence, security, trade and investment," British Prime Minister Sir Keir Starmer said in a statement congratulating Carney.
Carney said Canada's G7 summit in June will be "very important" in deciding the future of the global trade war, adding that it will "treat the group of "the world's seven most developed economies, including the United States) - still the most interested in "like-minded countries."
The summit will take place before the 90-day pause, that is, some of Trump's higher tariffs will expire.