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Carney plans to meet Trump next week in Washington

Mark Carney will meet President Trump next week in Washington and announced $500 million in loan guarantees plus subsidies to protect Canadian steel and lumber industries.

  • On Wednesday, Prime Minister Mark Carney said he expects to speak with U.S. President Donald Trump at the FIFA World Cup final draw in Washington, D.C. next week but warned not to over-signal as negotiations have not restarted.
  • After Ottawa aired ads, the dispute escalated when U.S. President Donald Trump cut off United States-Canada trade talks and threatened a 10 per cent tariff, weeks after Carney apologized on Oct. 29.
  • Ottawa announced Wednesday new supports for steel and lumber industries hit by U.S. tariffs, tightening the steel import quota to 20% of 2024 levels, subsidizing rail freight starting next spring, and offering US$356 million in loan guarantees.
  • Carney said trade talks remain paused, and Canada is ready to re-engage when the United States wants, warning more than 75% of exports and 90% of lumber, aluminum and steel face high exposure.
  • Carney will attend the Dec. 5 draw in Washington and called the FIFA World Cup 2026 important for Canada, conceding last week that his `Who cares?` remark faced domestic political criticism.
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By Rob Gillies, Toronto (AP) — Canadian Prime Minister Mark Carney announced new support Wednesday for the steel and lumber industries that have been severely impacted by U.S. tariffs. U.S. President Donald Trump ordered 50% tariffs on Canadian steel and softwood lumber, which currently face a 45% levy after Washington's increase last month. Carney said the process of an increasingly close economic relationship between Canada and the United Stat…

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BolaVip broke the news in on Tuesday, November 25, 2025.
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