Overview

• Both governments dispatched teams to try to quickly land agreements on steel and aluminum, which currently face 50% U.S. tariffs.
• Energy discussions advanced as Mark Carney raised reviving Keystone XL, with a Canadian official saying President Donald Trump was receptive.
• U.S. Commerce Secretary Howard Lutnick privately signaled a push to keep auto assembly in the United States, clouding prospects for easing 25% tariffs on Canadian vehicles.
• Carney told Trump Canadian private investors could direct about $1 trillion into the United States over five years if a satisfactory trade outcome is secured.
• Domestic pressure on Carney intensified, with Conservative Leader Pierre Poilievre calling his approach weak and Ontario Premier Doug Ford threatening retaliatory measures if tariffs persist.