Canadian Prime Minister Mark Carney unveiled his new cabinet at Rideau Hall in Ottawa on Tuesday, saying that the team will have a “primary focus” on the country’s economy after a whirlwind election catalyzed by tariffs and annexation threats from the United States.

Carney cut the number of ministers to 29 from the 39 under former Prime Minister Justin Trudeau, but kept some key players in their positions, such as Finance Minister Francois-Philippe Champagne and Dominic LeBlanc,

President Trump’s trade war again tests Canada’s new government. Honda is also postponing a major electric vehicle factory in Canada.

Japan's Honda Motor forecast a 59% profit decrease in the current financial year and said it would put on hold a plan to build an EV supply chain in Canada, amid the uncertainty stemming from U.S. President Donald Trump's tariffs.

This week marked an important milestone in the state of trade between the United States and Canada. Since February, the United States and Canada have entered into a series of trade measures and countermeasures,