By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > News > Canada’s Mark Carney to meet Donald Trump in Washington on Tuesday
News

Canada’s Mark Carney to meet Donald Trump in Washington on Tuesday

News Room
Last updated: 2025/05/02 at 2:53 PM
By News Room
Share
4 Min Read
SHARE

Unlock the White House Watch newsletter for free

Your guide to what Trump’s second term means for Washington, business and the world

Canada’s Prime Minister Mark Carney will meet Donald Trump in Washington on Tuesday in an effort to revive a crucial trading relationship with the US that Ottawa’s leader recently described as “over”.

It will be Carney’s first foreign visit since his Liberal party won a general election on Monday after a campaign overshadowed by the US president’s taunts about Canada and his tariffs on some of its exports.

Carney in Ottawa on Friday said he had held a “very constructive call” with Trump and the two leaders had agreed to meet next week in the US capital.

“Our focus will be on both the immediate trade pressures, and the broader future economic and security relationship between our two sovereign nations,” he said.

Carney also announced King Charles would deliver a speech to open the new parliament in Ottawa later this month.

“This historic honour matches the weight of our times,” Carney said of the visit by the king, who is also Canada’s sovereign. It will be the first time in nearly 50 years that the monarch takes part in parliament’s opening.

Carney was speaking at his first press conference since his Liberals defeated Pierre Poilievre’s Conservative party after a campaign dominated by the debate about Trump and Canada’s relationship with its most important trading partner.

Trump’s mockery of Canada and its former prime minister Justin Trudeau, as well as the president’s threats to annex the country — which he described as a potential “51st state” — propelled the Liberal party from a distant second in polls last year to victory this week.

Relations between the two allies and trading partners have been rocked by the tariffs announcement despite the US-Mexico-Canada free trade deal that the president negotiated during his first term.

Carney vowed in a speech after his win on Monday that Trump would “never break” Canada, and said Ottawa would look to forge new trading alliances with countries in Europe and elsewhere.

The prime minister on Friday said his meeting in the White House would address “complex” US tariffs affecting Canada’s automotive, steel and aluminium industries.

“I go there with the expectation of difficult but constructive conversations,” he said.

Carney, who was previously the governor of the Bank of England, said Trump had made no reference to Canada becoming a US state on their telephone all.

“This will never, ever happen,” the prime minister said.

Carney, who will lead a minority government after his party narrowly missed winning a majority of seats in parliament, outlined his vision to “advance the nation-building investments that will transform our economy”.

US tariffs are affecting Canada’s economy.

General Motors on Friday said it would cut production at a plant in Ontario that the union said would result in more than 2,000 job losses. In April, carmaker Stellantis announced it was “temporarily pausing production” for two weeks.

“We are fighting hard for our auto sector, all our sectors, in these negotiations with the Americans,” Carney said.

Goldy Hyder, chief executive of the Business Council of Canada, on Tuesday said the USMCA remained the best framework “to restore the certainty, stability and predictability” of the countries’ commercial relationship.

Carney said Canada’s new cabinet would be sworn in during the week of May 12 and parliament would be recalled for the King’s speech on May 27.

Read the full article here

News Room May 2, 2025 May 2, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Kenvue: Potential For Guidance To Be Revised Downwards (NYSE:KVUE)

This article was written byFollowI focus on long-term investments while incorporating short-term…

British surgical robots should operate around the world

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

War on Iran is splitting Trump’s Maga movement

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Can an American bunker-buster destroy Iran’s nuclear mountain?

Should the US enter the conflict between Israel and Iran, it would…

HSBC considers ordering all staff back to office 3 days a week

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Kenvue: Potential For Guidance To Be Revised Downwards (NYSE:KVUE)

By News Room
News

British surgical robots should operate around the world

By News Room
News

War on Iran is splitting Trump’s Maga movement

By News Room
News

Can an American bunker-buster destroy Iran’s nuclear mountain?

By News Room
News

HSBC considers ordering all staff back to office 3 days a week

By News Room
News

Insurance prices jump for ships travelling through Strait of Hormuz

By News Room
News

OpenAI says Meta is trying to poach staff with $100mn sign-on offers

By News Room
News

China’s central bank chief expects new currency order to challenge dollar

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?