After several months of trade tensions and reciprocal tariffs between the U.S. and Canada, President Donald Trump struck a more receptive tone during the G7 Leaders’ Summit in Kananaskis, signaling renewed interest in pursuing a bilateral trade agreement.

Speaking to reporters, Trump emphasized that trade with Canada is a top priority for his administration, stating, “Our primary focus will be trade, and trade with Canada. And I’m sure we can work something out.” Following a 70-minute meeting with newly elected Canadian Prime Minister Mark Carney and a subsequent 30-minute one-on-one discussion without staff, the president remarked that the two had developed a “very good relationship” (Politico).

Despite the warmer tone, President Trump reaffirmed his firm stance on the use of tariffs as a tool for driving economic growth in international trade. Acknowledging differing views between himself and Prime Minister Carney, he commented, “I’ve always been a tariff person. It’s simple, it’s easy, it’s precise, and it just goes very quickly.”

This U.S. and Canada dialogue comes on the heels of Trump’s declaration that a U.S. and China trade deal is “done,” with the U.S. securing total tariffs of 55 percent and China receiving 10 percent. He noted the deal is awaiting final approval and added that the relationship between China and the U.S. is currently “excellent” (The Guardian).

As U.S. trade negotiations continue to evolve, businesses should keep a close eye on developments with key partners like Canada and China. These discussions could shape future market access, tariff structures, and global strategy for American exporters.