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Tuesday, October 7, 2025

Trump and Canadian PM Mark Carney meet for trade talks

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US President Donald Trump met Canadian Prime Minister Mark Carney on Tuesday, with the countries at loggerheads over trade and Trump’s comments about annexing the country’s northern neighbor.

Canada is the only G7 country not to have reached a trade deal with the US this year; a North American free trade agreement protects Ottawa from some tariffs, but it is still subject to punishing steel duties, among others.

Carney promised to be tough on Trump but Canadian firms are shedding jobs and exports are down. The Canadian leader must walk a tightrope: Trump is deeply unpopular north of the border after repeatedly suggesting making Canada the “51st state.” Polls found that 60% of Canadians say they can never fully trust the US again.

A chart showing Canada’s exports by destination country.

Tom Chivers
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