Mark Carney Signals Global Power Shift as US Skips G20

G20 Summit Proceeds Without US as Global Economic Power Shifts

World leaders gathered in Johannesburg for the G20 Summit in November 2025. The United States was notably absent from the high-profile meeting. This boycott created a unique dynamic for the attending nations.

The event marked a pivotal moment for international cooperation. According to Reuters, the summit proceeded with a chairman’s summary instead of a full communiqué.

G20 Summit

Carney Highlights New Economic Alliances and Trade Deals

Canadian Prime Minister Mark Carney emerged as a vocal proponent of the shifting global order. He described the summit as evidence of a changing economic center of gravity. His comments reflected a broader sentiment among attending leaders.

Carney announced new trade and investment partnerships for Canada. These deals spanned the Indo-Pacific and Europe, focusing on artificial intelligence and energy. He emphasized that Canada’s economic ambitions would not be stalled by the US absence.

The situation underscored recent tensions in US-Canada relations. The Trump administration had previously pushed for aggressive trade terms. Carney’s election platform had centered on resisting such pressure and protecting Canadian sovereignty.

A New Multipolar World Order Takes Shape

The successful convening of the G20 without its largest member signals a new reality. Nations demonstrated a clear willingness to advance agendas through alternative partnerships. This represents a significant departure from the traditional US-led framework.

For global markets and diplomacy, this shift carries profound implications. New investment networks and supply chains are likely to form outside traditional pathways. Countries are actively diversifying their economic and political alliances.

The G20 Summit has demonstrated that global economic collaboration is evolving into a more multipolar model, with nations confidently pursuing progress through new partnerships and frameworks.

Thought you’d like to know

Why did the US boycott the G20 Summit?

The US administration cited alleged abuses in South Africa as its reason. South African officials firmly rejected these claims as unfounded. The boycott led to the issuance of a chairman’s summary instead of a full communiqué.

What is the significance of the G20 meeting in Johannesburg?

It was the first G20 summit ever hosted on African soil. The event proceeded effectively despite the absence of the United States. This demonstrated the forum’s resilience and the growing agency of other member nations.

Which sectors did Canada focus on for new partnerships?

Prime Minister Carney highlighted artificial intelligence and energy as key sectors. He announced new investment talks with South Africa and India. These efforts are part of a broader strategy to fuel Canada’s economic growth.

How are US-Canada relations affecting this shift?

Recent years have seen significant trade and diplomatic tensions. Carney’s government was elected on a platform of resisting US pressure. The summit provided a platform to advance an independent economic strategy.

What was the overall outcome of the summit?

Leaders agreed to pursue cooperation and innovation despite the US boycott. The event proved that meaningful international dialogue can continue. It highlighted a tangible shift towards a more multipolar global economy.