Overview
- Speaking at APEC in Gyeongju, Carney said he apologized to Trump and indicated talks would resume when Washington is ready.
- Trump kept a 10% tariff increase in place and declined to restart formal negotiations after a cordial exchange he described with Carney.
- The ad was produced by Ontario and used Reagan’s remarks on tariffs, which Trump labeled misrepresented and wrong.
- Trump said he maintains a good personal relationship with Carney despite refusing to lift the suspension of trade talks.
- Most U.S.–Canada trade remains tariff‑free under USMCA, though sectoral surtaxes and the new hike have added pressure on Ottawa.