In a bold statement, Prime Minister Mark Carney reassured the nation that the relationship between Canada and the United States remains strong, despite the ongoing trade war that shows no signs of resolution.

Carney addressed Parliament during the fall session, responding to Bloc Québécois Leader Yves-François Blanchet's inquiry about negotiating a return to the close ties once held with the U.S. Carney asserted, "The Canada-U.S. relationship is good,” speaking confidently even amidst the current challenges.

During their conversation over the weekend, Carney revealed that he and President Donald Trump, whom he considers a 'modern man', discussed significant global issues, including the war in Ukraine and tensions with China.

When pressed on whether he would visit Washington D.C. soon, Carney remained noncommittal about future face-to-face meetings with Trump, although their exchanges, including text messages, remain frequent.

Reflecting on past meetings, Carney noted his recent discussions with Trump during the G7 summit in June and expressed pride in his government’s efforts to advocate for Canadian interests despite setbacks in negotiations.

At the heart of the trade conflict is the 35% tariff currently imposed on certain Canadian exports, a figure that exceeds tariffs faced by many other U.S. trading partners. Nevertheless, Carney emphasized that this rate only applies to goods outside the Canada-United States-Mexico Agreement (CUSMA) and reassured that CUSMA has been a success for Canada.

In addition to tariffs on various sectors such as steel and aluminum reaching as high as 50%, Carney pointed out the U.S. has ended its de minimis exemption for low-value packages, a move that has frustrated Canadian businesses.

Despite these hurdles, Carney maintained that Canada has the best trade deal with the U.S. in the world and urged the need for Canada to diversify its trade relationships, particularly with Europe, Asia, and South America.

Both nations are gearing up for a review of CUSMA next year, with expectations high for a renewed discussion on trade matters.

In light of recent tariff challenges, Carney launched a $5 billion relief fund to aid affected sectors, which includes a 'Buy Canadian' mandate for federal procurement.

Throughout the unfolding trade saga, Carney has been vocal about U.S. tariffs, labeling them as an example of 'economic nationalism' and pledging to work towards a new trade and security deal during his campaign.