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Canada and Australia tighten ties on critical minerals, AI as Trump spooks global economy

Canadian Prime Minister Mark Carney addressed parliament on Thursday and struck a deal with Australia on critical minerals and AI.

Prime Minister Anthony Albanese and Canadian counterpart Mark Carney in parliament on Thursday. AAP Image/Lukas Coch.

Australia and Canada will deepen cooperation on critical minerals and defence capabilities as traditional US allies scramble to adjust to President Donald Trump’s upending of the global order.

Speaking in Canberra on Thursday, Canadian Prime Minister Mark Carney conceded work is needed to “rebuild trust” with the US after Trump’s tariff regime had “effectively broken” its long-running trade deal.

But Carney declared Canada and Australia are uniquely placed to shape a new world order, aimed at preventing “hegemons” from asserting dominance.

“With that global architecture now breaking down from consecutive crises, I have come to Australia to reaffirm our alliance, and to suggest where we can go next,” Carney told parliament.