
Trump, Carney expected to talk trade in coming days
Aug. 4 (UPI) -- U.S. President Donald Trump and Prime Minister Mark Carney of Canada are expected in the coming days to talk trade, according to Ottawa's U.S.-Canada trade minister.
"I would expect the prime minister will have a conversation with the president in the coming days," Canada-U.S. Trade Minister Dominic LeBlanc said during an interview with CBS' Face The Nation on Sunday, after Trump on Thursday increased tariffs on goods from the Great White North not under the U.S.-Canada-Mexico trade agreement from 25% to 35% amid trade negotiations between the two countries.
Relations between the once strong partners have frayed under the Trump administration, which has repeatedly imposed tariffs on Canada as punishment over alleged fentanyl making its way into the United States over their shared border and in an attempt to right what the U.S. president sees as an unfair trade relationship. Trump has also publicly toyed with the idea of annexing Canada.
Canada has responded with retaliatory tariffs of its own, while also seeking to strengthen relationships elsewhere and lessening its dependency on the United States. It has also rebutted the accusation that it is contributing to the United States' opioid crisis, as Carney pointed out in a statement Friday that it accounts for only 1% of U.S. fentanyl imports while implementing policies to continue reducing that amount.
"We were obviously disappointed by that decision," LeBlanc said Sunday, referring to the imposition of additional tariffs on Thursday amid ongoing trade negotiations. "We believe there's a great deal of common ground between the United States and Canada in terms of building two strong economies that work well together. That's been the history of the 40-year free trade agreement that goes back to [U.S. President Roland] Reagan."
Trump imposed tariffs of 10% on dozens of nations that had not worked out trade deals with the U.S. president beforehand. Canada was in the middle of talks with the United States when the new levies were announced.
LeBlanc added that they are "pleased" the United States is "respecting" the terms of the USMCA as the tariffs do not affect goods that fall under that agreement.
"That's vital, we think, to the cost of living and affordability, certainly in the United States," he said.
He was speaking to Face The Nation from Moncton, N.B., but had been in Washington working on a deal, and he left Washington "with a better understanding of the American concerns in the trading relationship."
"So, we're prepared to stick around and do the work needed," he said.
"We remain very optimistic."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Yahoo
19 minutes ago
- Yahoo
SBA Communications raises annual revenue forecast on robust wireless carrier activity
(Reuters) -SBA Communications raised its annual revenue forecast and beat Wall Street estimates for quarterly revenue on Monday, helped by steady wireless carrier activity amid rising telecom expansion. Mobile network operators have increased investments in cell towers as they ramp up 5G and network infrastructure to capitalize on growing mobile demand, benefiting SBA. "New U.S. leasing business signed up during the quarter was ahead of our expectations and benefited from continued high levels of new colocations," said CEO Brendan Cavanagh. SBA is seeing new U.S. leasing business coming more from new lease agreements than from the modification of existing leases. It leases space and manages tower sites for wireless carriers including AT&T, T-Mobile and Verizon. Consumer demand for connectivity and bandwidth-intensive applications remains resilient, driving up demand for SBA's services. The company has also entered a deal to sell all of its Canadian operations and towers for C$446 million ($323.82 million) as part of its portfolio review. Upon closing, which is expected in the fourth quarter, the sale will be immediately accretive to its adjusted funds from operations — a key measure of cash flow. SBA now sees fiscal 2025 total revenue between $2.78 billion and $2.83 billion, compared with its earlier projection range of $2.72 billion to $2.76 billion. For the quarter ended June 30, SBA reported revenue of $699 million, beating analysts' estimate of $671.1 million, according to data compiled by LSEG. The company posted second-quarter adjusted FFO of $3.17 per share, compared with the $3.29 per share it reported a year ago. ($1 = 1.3773 Canadian dollars)
Yahoo
19 minutes ago
- Yahoo
Canadian ministers to visit Mexico to discuss trade with Mexican officials
(Reuters) -Canadian foreign minister Anita Anand and Finance Minister François-Philippe Champagne will visit Mexico this week to advance priorities on economic growth and trade with their counterparts and with President Claudia Sheinbaum, Ottawa said on Monday, amid trade disputes with the United States. The visit will take place from August 5 to August 6, according to a release from Global Affairs Canada, which represents the Foreign Ministry and the Trade Ministry.
Yahoo
19 minutes ago
- Yahoo
Prime Minister Mark Carney attends Vancouver Pride parade after meeting with premier
VANCOUVER — Prime Minister Mark Carney surprised attendees at Vancouver's Pride parade Sunday after meeting with Premier David Eby and officials from the Vancouver port. Carney met with Vancouver Fraser Port Authority president and CEO Peter Xotta and DP World Canada chief operating officer Joel Werner in the morning, briefly appearing at a photo op with the two executives after pacing the port facility as a large container ship loomed above. The prime minister was then scheduled for a meeting with B.C. Premier David Eby that was closed to media as the province grapples with U.S. tariffs and renewed animosity in the long running softwood lumber dispute. Carney later surprised attendees at the Vancouver Pride parade, marching for about a kilometre along the route beginning outside B.C. Place Stadium. He says the Pride parade represents the "essence of Canada," celebrating diversity in a "very positive way." Carney was greeted by loud cheers from parade-goers lining the sidewalks along the route, and he zigzagged across the street several times to meet and greet supporters as his security detail followed closely. The prime minister at one point was handed a microphone by a drag queen who thanked him for coming, and Carney said the parade was "the best of Canada." This report by The Canadian Press was first published Aug. 3, 2025. The Canadian Press