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Carney and Trump speak for the first time since blowing past trade deal deadline

Trump and Carney addressed tariffs impacting Canadian industries and agreed to continue talks on economic cooperation and support for peace efforts in Ukraine and Europe.

  • On August 21, 2025, Canadian Prime Minister Mark Carney initiated a phone call with U.S. President Donald Trump, during which they discussed various topics including trade relations and the conflict in Ukraine.
  • The call followed Trump's tariff hike on Canadian goods to 35% at the beginning of August amid failed trade agreement talks by the August 1 deadline.
  • The leaders addressed trade issues and possibilities, aligned on economic and security priorities, and explored ways to advance leadership efforts toward achieving lasting peace in Ukraine and Europe.
  • The Prime Minister's Office noted that the tariff increase does not apply to goods covered by the United States-Mexico-Canada Agreement, and the leaders decided to hold another meeting in the near future.
  • This call indicated efforts to manage strained trade relations while maintaining diplomatic dialogue, with Carney also focusing on trade ties beyond the U.S. and upcoming Mexico meetings.
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Ottawa, Canada.- Canadian Prime Minister Mark Carney spoke Thursday with U.S. President Donald Trump and had "a productive and far-reaching conversation" about trade challenges and other issues, reported his office in a statement. The phone call, at a time when Canada and the U.S. are engaged in a trade war, was the first known conversation between the two leaders since June 30. Carney started the call, said a Canadian government source who aske…

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Mortgage Rates & Mortgage Broker News in Canada broke the news in on Thursday, August 21, 2025.
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