US EditionCarney plans to meet Trump next week in Washington
Mark Carney announced a $500 million loan guarantee and new freight subsidies to protect Canadian steel and lumber industries from U.S. tariffs, impacting 90% of exports.
- On Tuesday in Toronto, Prime Minister Mark Carney announced new supports for the steel and lumber industries hit by U.S. tariffs.
- With export dependence high, Carney warned that Canada's heavy reliance on the U.S. market—more than 75% of exports last year and about 90% of key metal and wood shipments bound for a single market—underpins its vulnerability.
- The federal government is offering an extra $500 million Canadian in loan guarantees to the softwood lumber industry, tightening steel import quotas from 50% to 20% of 2024 levels and subsidizing rail freight starting next spring.
- Carney will be in Washington after briefly speaking to Trump on Tuesday and plans to discuss trade issues with U.S. President Donald Trump there.
- Carney emphasized readiness to re-engage on talks while urging protection for workers and industries exposed to U.S. tariffs, conceding last week's `who cares` remark was a mistake and he does not wish to `overdramatize` things.
14 Articles
14 Articles
Carney will go to Washington for soccer draw, says he will see Trump
OTTAWA (Reuters) -Canadian Prime Minister Mark Carney said on Wednesday he would travel to Washington next week for the 2026 soccer World Cup draw, adding that he would see U.S. President Donald Trump at the event.
By Rob Gillies, Toronto (AP) — Canadian Prime Minister Mark Carney announced new support Wednesday for the steel and lumber industries that have been severely impacted by U.S. tariffs. U.S. President Donald Trump ordered 50% tariffs on Canadian steel and softwood lumber, which currently face a 45% levy after Washington's increase last month. Carney said the process of an increasingly close economic relationship between Canada and the United Stat…
Carney will go to Washington for soccer draw, says he will see Trump
OTTAWA :Canadian Prime Minister Mark Carney said on Wednesday he would travel to Washington next week for the 2026 soccer World Cup draw, adding that he would see U.S. President Donald Trump at the event.Carney told reporters he had had a short conversation with Trump on Tuesday, but said talks on a trade dea
Coverage Details
Bias Distribution
- 55% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
