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5 takeaways from Trump’s meeting with Canada’s Mark Carney

  • On May 6, 2025, at the White House, President Donald Trump and Canadian Prime Minister Mark Carney held talks focused on potential annexation and escalating trade disputes between their nations.
  • The meeting occurred amid a trade war triggered by U.S. Tariffs of 25% on steel, aluminum, some cars, and 10% on energy and potash, with Canada retaliating similarly.
  • Trump insisted on making U.S. Cars domestically and dismissed reliance on Canadian imports, while Carney firmly rejected annexation, emphasizing Canadians’ unchanging view.
  • The trade conflict involves nearly $30 billion in Canadian reciprocal tariffs, and Trump described the U.S.-Canada trade deficit as a ‘subsidy’ needing to end.
  • Carney aims to negotiate an extensive agreement addressing both trade and security issues to end the harmful tariff dispute without risking more than $1.2 trillion in annual bilateral commerce.
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Canadian dollar rallies on 'positive' mood of Carney, Trump meeting

Canadian dollar rallied on the 'positive' mood displayed during Mark Carney and Donald Trump's first meeting Tuesday.

·Canada
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Barron's broke the news in New York, United States on Tuesday, May 6, 2025.
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