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Carney says he spoke to Trump on Monday but doesn't expect tariffs to be lifted in immediate future

Prime Minister Mark Carney discussed trade tensions and strategic sectors including steel and autos with U.S. President Donald Trump during talks preceding a cabinet meeting on infrastructure and crime.

  • On Monday evening, Prime Minister Mark Carney had an extensive discussion with U.S. President Donald Trump, addressing trade and various other matters.
  • The talks follow a trade war that started early this year when Trump imposed tariffs on Canadian imports, prompting Ottawa's retaliatory measures.
  • Carney characterized the discussion as positive and highlighted that key areas such as steel, aluminum, forestry products, and the automotive industry remain focal points in the ongoing negotiations.
  • Carney noted that while swift progress on these important sectors is unlikely, a senior Canadian trade delegation is currently in Washington discussing key matters.
  • The cabinet's two-day retreat in Toronto will prioritize trade, infrastructure, and crime as Canada continues gradual negotiations with the U.S. amid persistent tensions.
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Market Screener broke the news in on Wednesday, September 3, 2025.
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