G7 Host Canadian PM Carney Says He and Trump are Aiming for a Canada-US Deal Inside 30 Days

G7 leaders' summit in Kananaskis
U.S. President Donald Trump is greeted by Prime Minister of Canada Mark Carney, as he arrives at the G7 leaders’ summit in Kananaskis, Alberta, Canada June 16, 2025. Stefan Rousseau/Pool via REUTERS/File Photo

(Reuters) – In a surprise move, Canadian Prime Minister Mark Carney said on Monday he had agreed with U.S. President Donald Trump that their two nations should try to wrap up a new economic and security deal within 30 days.

The announcement came only a few hours after Canadian officials said the two sides still had plenty of work ahead before they could seal the agreement.

Carney, who won the April election on the back of a promise to fight Trump’s tariffs, is pushing for what he calls a new economic and security relationship with the United States.


Get the Latest US Focused Energy News Delivered to You! It’s FREE:


The two men had earlier met on the sidelines of a G7 summit in Alberta, with Trump reiterating his fondness for tariffs.

“Prime Minister Carney and President Trump … shared updates on key issues raised in negotiations on a new economic and security relationship between Canada and the U.S.,” Carney’s office said in a statement.

“To that end, the leaders agreed to pursue negotiations toward a deal within the coming 30 days.”

A Carney spokesperson confirmed the wording of the statement meant the two sides wanted a deal in the next 30 days.

Carney’s office did not immediately respond when asked whether the statement meant Ottawa had accepted the idea that some U.S. tariffs would stay.

Trump said earlier that a new deal with Canada was possible but stressed  had to play a role, a position that the Canadian government strongly opposes.

“I have a tariff concept. Mark has a different concept … we’re going to see if we can get to the bottom of it,” Trump said. “I’m a tariff person.”

Canada, the top supplier of steel and aluminum to the United States, faces tariffs imposed by Trump on both metals as well as on auto exports.

Carney said last week the countries were in intense negotiations over the tariffs and that Canada was preparing reprisals if those negotiations do not succeed.

Optimism that a deal could be concluded quickly had faded over the past 10 days, with Canadian officials saying privately the United States appears to be in no rush.

“We are in the middle of a discussion – we are not at the end of the discussion. Our position is that we should have no tariffs on Canadian exports to the United States,” said Kirsten Hillman, Canada’s ambassador to Washington.

“We will continue to talk until we find a deal that is the best deal we can achieve for Canada,” she told reporters after Carney met Trump.

Reporting by David Ljunggren; Editing by Rod Nickel and Stephen Coates

Share This:


More News Articles

 

  • Related Posts

    Oil Drops Over 2% to 3-Month Low as Markets Weigh US-Iran Peace Deal

    Summary Prices at three-month lows, but above pre-war levels Some analysts expect Hormuz flows to resume in several weeks U.S. is using an Iranian smuggling tactic to sneak oil out…

    The US is Using an Iranian Smuggling Tactic to Sneak Oil Out of the Gulf

    Summary Apache shot down by Iran on June 9 was involved in ship-to-ship transfer mission Convoys sail dark with disabled transponders, spacing departures 3,000-4,000 meters apart At least 92 ships…

    Have You Seen?

    ConocoPhillips Set to Become First U.S. Major to Sign Post-War Syria Gas Deal

    • June 16, 2026
    ConocoPhillips Set to Become First U.S. Major to Sign Post-War Syria Gas Deal

    Banks Slash Oil Price Forecasts After U.S.-Iran Breakthrough

    • June 16, 2026
    Banks Slash Oil Price Forecasts After U.S.-Iran Breakthrough

    World’s Largest Tanker Operator Cautions Against Hormuz Rush

    • June 16, 2026
    World’s Largest Tanker Operator Cautions Against Hormuz Rush

    India’s ONGC Considers Resuming Venezuela Oil Operations

    • June 16, 2026
    India’s ONGC Considers Resuming Venezuela Oil Operations

    Qatar Eyes Quick LNG Restart Once Hormuz Reopens

    • June 16, 2026
    Qatar Eyes Quick LNG Restart Once Hormuz Reopens

    Dubai and Murban Crude Signal End of Middle East Supply Crunch

    • June 16, 2026
    Dubai and Murban Crude Signal End of Middle East Supply Crunch

    Europe Wary of Sending Hormuz Aid as Questions Linger

    • June 16, 2026
    Europe Wary of Sending Hormuz Aid as Questions Linger

    Oil Drops Over 2% to 3-Month Low as Markets Weigh US-Iran Peace Deal

    • June 16, 2026
    Oil Drops Over 2% to 3-Month Low as Markets Weigh US-Iran Peace Deal

    US Grid’s $1 Trillion Problem Could Equal a $1 Billion Payout for Power CEOs

    • June 16, 2026
    US Grid’s $1 Trillion Problem Could Equal a $1 Billion Payout for Power CEOs

    Spot Oil Premiums Slip to Pre-War Levels After US-Iran Deal, But Shipping Angst Provides Floor

    • June 16, 2026
    Spot Oil Premiums Slip to Pre-War Levels After US-Iran Deal, But Shipping Angst Provides Floor