Canadian Prime Minister Mark Carney mentioned Wednesday that negotiations with President Trump on the U.S.-Canada financial and safety relationships will begin after the Canadian federal election.
“The pause on reciprocal tariffs introduced by President Trump is a welcome reprieve for the worldwide financial system,” Carney mentioned in a post on the social platform X.
“As President Trump and I’ve agreed, the U.S. President and the Canadian Prime Minister will begin negotiations on a brand new financial and safety relationship instantly following the Federal election,” he added.
Carney previously called for a federal election later this month, saying in a submit on the social platform X in late March that he had “simply requested the Governor Normal to dissolve Parliament and name a federal election on April 28.”
Within the first few months of Trump’s presidency, tensions over commerce have erupted between the U.S. and Canada, straining a generally heat relationship. Each Carney and his predecessor, former Prime Minister Justin Trudeau, have gone after Trump due to tariffs.
On Wednesday, President Trump ratcheted up tariffs to 125 p.c on China and implemented a 90-day pause on “reciprocal” tariffs towards all other trading partners except China.
“As a part of at present’s announcement, the President has signaled that the U.S. will interact in bilateral negotiations with a lot of different international locations. This may probably end in a basic restructuring of the worldwide buying and selling system,” Carney mentioned in his X submit on Wednesday.
“In that context, Canada should additionally proceed to deepen its relationships with buying and selling companions that share our values, together with the free and open change of products, providers, and concepts,” he added.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This materials might not be printed, broadcast, rewritten, or redistributed.
For the latest news, weather, sports, and streaming video, head to The Hill.
Source link