Canadian Prime Minister Mark Carney pledged Wednesday to barter a “new economic and security relationship” with the US – an announcement that comes on the identical day President Trump paused tariffs for dozens of countries, however not Canada.
“The pause on reciprocal tariffs announced by President Trump is a welcome reprieve for the global economy,” Carney wrote on X, referring to the commander in chief’s 90-day pause on sweeping commerce charges.
“As President Trump and I have agreed, the US President and the Canadian Prime Minister will commence negotiations on a new economic and security relationship immediately following the Federal election,” the Liberal Social gathering chief added.
Canada’s federal election is slated to happen on April 28.
Carney is extensively anticipated to maintain his publish as prime minister as polling exhibits the Liberal Social gathering will simply preserve management of Parliament.
Carney’s conciliatory assertion stands in strark distinction to a extra defiant message he had for Trump final month, after the president slapped a 25% tariff on Canadian items not coated by the US-Mexico-Canada (USMCA) commerce pact.
“The Prime Minister informed the President that his government will implement retaliatory tariffs to protect Canadian workers and our economy, following the announcement of additional US trade actions on April 2, 2025,” the Prime Minister’s Workplace mentioned in a March 29 press launch, following a name between Carney and Trump.
Regardless of being spared by Trump’s broader reciprocal tariffs, Carney hit the US with a reciprocal 25% tariff on all imported autos not coated by the USMCA Settlement.
Trump left tariffs on Canada, Mexico and China in place Wednesday whereas locking in a ten% tariff fee on most imports and pausing increased retaliatory duties.
“As part of today’s announcement, the President has signalled that the US will engage in bilateral negotiations with a number of other countries,” Carney wrote. “This will likely result in a fundamental restructuring of the global trading system.”
“In that context, Canada must also continue to deepen its relationships with trading partners that share our values, including the free and open exchange of goods, services, and ideas,” the prime minister added, earlier than telling Canadians that “the stakes have never been higher” forward of the nation’s federal election.
