Trump and Carney to speak in the coming days, Canadian official says

Trump and Carney to speak in the coming days, Canadian official says


Canadian Prime Minister Mark Carney speaks during a press conference after a Cabinet meeting to discuss both trade negotiations with the US and the situation in the Middle East, at the National Press Theatre in Ottawa, Ontario, Canada on July 30, 2025.

Dave Chan | Afp | Getty Images

U.S. President Donald Trump and Canadian Prime Minister Mark Carney will likely talk “over the next number of days” after the U.S. imposed a 35% tariff on goods not covered by the U.S.-Mexico-Canada trade agreement, a Canadian official said on Sunday.

Dominic LeBlanc, the federal cabinet minister in charge of U.S.-Canada trade, also told CBS News’ “Face the Nation” that he was “encouraged” by recent discussions and believed a deal to bring down tariffs remained an option.

“We’re encouraged by the conversations with Secretary Lutnick and Ambassador Greer, but we’re not yet where we need to go to get the deal that’s in the best interest of the two economies,” LeBlanc said, referring to U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer.

The trade minister said he expected Carney and Trump to speak “over the next number of days.”

Read more CNBC politics coverage

“We think there is an option of striking a deal that will bring down some of these tariffs provide greater certainty to investment,” LeBlanc said.

Washington linked Friday’s tariff announcement in part to what it said was Canada’s failure to stop fentanyl smuggling. It was the latest blow in a months-long tariff war which Trump initiated shortly after returning to power this year.

Carney says Canada accounts for just 1% of U.S. fentanyl imports and has been working intensively to further reduce the volumes.



Source

BlackRock turns bullish on this overlooked corner of European fixed income
World

BlackRock turns bullish on this overlooked corner of European fixed income

European fixed income markets offer a range of trading opportunities for investors, with the region’s collateralized loan obligation space now emerging as a key alpha-generating play, according to BlackRock . “If there’s one area where I think real value is, or the best relative value, it’s in a somewhat niche area, which is in the […]

Read More
Google to invest  billion to build data center hub in India; largest outside of the U.S.
World

Google to invest $15 billion to build data center hub in India; largest outside of the U.S.

Prakash Singh | AFP | Getty Images Google will invest $15 billion to build data center capacity for a new artificial intelligence hub in southern India, Google Cloud CEO Thomas Kurian announced at an event Tuesday. The investment will roll out over the next five years, and will be Google’s largest AI hub in the […]

Read More
China targets five U.S. subsidiaries of South Korea’s Hanwha Ocean, sending shares down 8%
World

China targets five U.S. subsidiaries of South Korea’s Hanwha Ocean, sending shares down 8%

A hull section that will be sent to the final assembly base is loaded onto a semi-submersible vessel at Hanwha Marine Engineering (Shandong) Co LTD in Yantai, China, on September 16, 2024. Costfoto | Nurphoto | Getty Images Shares of South Korean shipbuilder Hanwha Ocean fell more than 8% Tuesday after China sanctioned five of […]

Read More