Latest News Updates From Rob Gillies

Canadian PM Mark Carney said the conversation built on recent discussions about the outlines of a deal that would create jobs, lower costs for families and protect Canada’s languages, culture and sovereignty.

Stelco announced layoffs it attributed in part to President Donald Trump’s tariffs. Carney also threatened legal action.

Canadian Prime Minister Mark Carney said closer ties with Europe would ensure no country could control Canada’s markets or undermine its sovereignty.

Canada is seeking to reduce its dependence on the United States, the destination for roughly 70% of its exports, and Prime Minister Mark Carney has called for a “unique alliance” with the EU.

The two economies remain intertwined, and much could be at stake if Trump’s trade war reaches more of the energy, materials and supply chains that the U.S. still relies on Canada to provide.

Trump threatened new 50% tariffs on Canadian vehicles, auto parts and steel, while Carney said U.S. trade demands showed Washington wanted to “destroy our major industries.” 

Carney said Canada remained engaged in the negotiations despite Trump’s comments, describing the talks as a fight to protect Canadian workers and businesses.

The G7 summit comes ahead of the scheduled July 1 review of USMCA. It is a crucial moment in trade talks, and Trump has said  that he may not renew the deal.

The letters come ahead of the scheduled July review of USMCA, which can either be subject to annual reviews going forward, or renewed for 16 years.

Canadian Prime Minister Mark Carney has set a goal to double non-U.S. trade in a decade.