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StockWaves > Global Markets > Trump and Carney to talk within the coming days, Canadian official says
Global Markets

Trump and Carney to talk within the coming days, Canadian official says

StockWaves By StockWaves Last updated: August 4, 2025 2 Min Read
Trump and Carney to talk within the coming days, Canadian official says
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Canadian Prime Minister Mark Carney speaks throughout a press convention after a Cupboard assembly to debate each commerce negotiations with the US and the state of affairs within the Center East, on the Nationwide Press Theatre in Ottawa, Ontario, Canada on July 30, 2025.

Dave Chan | Afp | Getty Pictures

U.S. President Donald Trump and Canadian Prime Minister Mark Carney will probably discuss “over the following variety of days” after the U.S. imposed a 35% tariff on items not lined by the U.S.-Mexico-Canada commerce settlement, a Canadian official mentioned on Sunday.

Dominic LeBlanc, the federal cupboard minister in control of U.S.-Canada commerce, additionally instructed CBS Information’ “Face the Nation” that he was “inspired” by current discussions and believed a deal to carry down tariffs remained an possibility.

“We’re inspired by the conversations with Secretary Lutnick and Ambassador Greer, however we’re not but the place we have to go to get the deal that is in one of the best curiosity of the 2 economies,” LeBlanc mentioned, referring to U.S. Commerce Secretary Howard Lutnick and U.S. Commerce Consultant Jamieson Greer.

The commerce minister mentioned he anticipated Carney and Trump to talk “over the following variety of days.”

Learn extra CNBC politics protection

“We predict there’s an possibility of placing a deal that can carry down a few of these tariffs present higher certainty to funding,” LeBlanc mentioned.

Washington linked Friday’s tariff announcement partly to what it mentioned was Canada’s failure to cease fentanyl smuggling. It was the most recent blow in a months-long tariff battle which Trump initiated shortly after returning to energy this yr.

Carney says Canada accounts for simply 1% of U.S. fentanyl imports and has been working intensively to additional cut back the volumes.

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