# Carney leaves the G7 with $5bn in minerals deals and a hot-mic on Chinese EVs
> Canada's PM banks 13 critical-minerals partnerships and a France intelligence pact, while caught reassuring Trump over Chinese EV imports

**Meta:** type: event · date: 2026-06-17 · heads: Dinheiro de quem, A mudança silenciosa · 7 takes · 5 lenses · 2 regions

## Summary

At the 15–17 June 2026 Évian G7, [Mark Carney](/pt/entity/mark-carney) secured 13 critical-minerals
partnerships across eight-plus countries worth over $5bn in capital — graphite (Eni,
Québec), rare earths (Schneider Electric and Sumitomo), silica, phosphate and lithium —
plus a stockpiling pact with France, Germany, Italy and Korea. [Canada](/pt/entity/canada) concluded a
security-of-information agreement (GSOIA) with Germany, launched one with India, and
deepened a [France](/pt/entity/france) defence/AI intelligence pact. A hot mic caught Carney reassuring
[Donald Trump](/pt/entity/donald-trump) that Chinese EVs admitted under Canada's lowered tariff are "less than
three per cent" of its market — 49,000 cars. Carney's framing: "the new world order will
be built starting with Europe," a middle-power hedge against US trade pressure and the
stalled [Trump declines to renew USMCA, triggering a decade of annual reviews](/pt/n/usmca-non-renewal).

## The split

Canadian coverage (CBC, Policy) reads the trip as deliberate diversification — minerals and
defence ties to Europe and the Indo-Pacific to cut US dependence, with the China-EV deal a
"code red" gamble. US progressive voices (CAP) spin it as proof Trump's tariff wall backfired,
pushing an ally toward Beijing. Business framing (Fortune) elevates Carney's "Europe-first"
new-order thesis. The hot-mic moment exposes the gap between public unity and the live
US–Canada trade quarrel.

## By the numbers

- 13 — new critical-minerals partnerships announced at Évian.
- $5bn+ — capital investment the PMO attaches to them.
- 8+ — partner countries involved.
- 49,000 — Chinese EVs Canada admits annually at the 6.1% tariff (vs prior 100%).
- ~3% — share of Canada's car market those EVs represent, per Carney.
- 4 — countries (France, Germany, Italy, Korea) in the minerals-stockpiling pact.

## Why it matters

Carney is converting summit access into supply-chain leverage, binding Canadian minerals
and defence industry to Europe and Asia precisely as Washington wields tariffs. It is a
concrete test of whether a "middle power" can route around US economic coercion — and the
China-EV opening shows the cost is friction with its largest trading partner.

## What to watch

- Whether the 13 minerals partnerships convert into financed, built projects.
- US retaliation over Canada's Chinese-EV admission and canola deal with Beijing.
- Progress on the Canada–India CEPA and GSOIA talks.
- USMCA review fallout and any new US tariffs on Canadian autos.

## Regional takes (batched by bias / lens)

### unlabelled
- **Prime Minister of Canada (PMO)** (Canada, en) — Official PMO release listing 13 critical-minerals partnerships (~$5bn+ capital) across 8+ countries, plus defence/GSOIA agreements with Germany and India, from the Évian G7.
  Source: https://www.pm.gc.ca/en/news/news-releases/2026/06/17/prime-minister-carney-secures-new-partnerships-defence-and-critical
- **PMO (Carney–Macron statement)** (Canada, en) — Joint Canada–France release on a general security-of-information agreement opening classified exchange across defence, space, AI and aerospace.
  Source: https://www.pm.gc.ca/en/news/news-releases/2026/06/12/prime-minister-carney-deepens-partnership-france-across-trade-defence-advanced-technologies
- **Globe and Mail** (Canada, en) — 
  Source: https://www.theglobeandmail.com/canada/article-carney-in-france-meeting-macron-g7-summit/

### Canadian public broadcaster
- **CBC News** (Canada, en) — Reports the hot-mic moment: Carney reassuring Trump that Chinese EVs admitted under Canada's lowered tariff are 'less than three per cent' of the market — 49,000 cars — amid US irritation.
  > "Carney heard saying 'less than three per cent of our market, 49,000 cars' to Trump about Chinese EV imports."
  Source: https://www.cbc.ca/news/politics/carney-trump-chinese-evs-g7-9.7237002

### Canadian policy / analytical
- **Policy Magazine** (Canada, en) — Analyses Carney's China-EV-for-canola opening as a high-risk 'code red' bet to diversify away from the US, set against the minerals deals tying Canada to Europe and Indo-Pacific partners.
  > "In China, Carney just hit 'code red' on trade."
  Source: https://www.policymagazine.ca/in-china-carney-just-hit-code-red-on-trade/

### US centre-left think tank
- **Center for American Progress** (United States, en) — US progressive framing: the Canada–China EV deal exposes the failure of Trump's 100% tariff wall, arguing protectionism pushed an ally toward Beijing rather than Detroit.
  > "The Trump administration failed the US auto industry, and the Canada–China deal proves it."
  Source: https://www.americanprogress.org/article/the-trump-administration-failed-the-u-s-auto-industry-and-the-canada-china-deal-proves-it/

### business / markets
- **Fortune** (United States, en) — Centres Carney's thesis that 'the new world order will be built starting with Europe,' reading the minerals and defence pacts as a middle-power hedge against US unreliability.
  > "Carney says the 'new world order will be built starting with Europe.'"
  Source: https://fortune.com/2026/06/13/canadian-prime-minister-mark-carney-new-world-order-european-union-us-vs-middle-powers/

## Across the graph
- Related: [[g7-evian-macron-ukraine-pivot]], [[usmca-non-renewal]]
- Entities: Mark Carney, Canada, Donald Trump, European Union

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Canonical: https://rbtfl.xyz/pt/n/carney-g7-critical-minerals