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35m ago

Carney Tells Trump He Stands by Davos Speech, Rejects U.S. Claim of Walkback

Conflicting readouts spotlight a rift over tariffs, trade diversification, USMCA review timing.

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(COMBO) This combination of pictures created on January 24, 2026 shows, L/R, US President Donald Trump in Davos on January 22, 2026 and Canada's Prime Minister Mark Carney in Davos on January 20, 2026. US President Donald Trump on January 24, 2026, warned Canada that if it concludes a trade deal with China, he will impose a 100 percent tariff on all goods coming over the border. If Canadian Prime Minister Mark Carney "thinks he is going to make Canada a 'Drop Off Port' for China to send goods and products into the United States, he is sorely mistaken," Trump wrote on his Truth Social platform. (Photo by Mandel NGAN and Fabrice COFFRINI / AFP via Getty Images)
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Canadian Prime Minister Mark Carney speaks at the World Economic Forum, in Davos, Switzerland, Jan. 20, 2026 (AP photo by Markus Schreiber).

Overview

  • Prime Minister Mark Carney said he told President Donald Trump, "I meant what I said in Davos," denying he retracted any part of his speech during their Monday call.
  • Treasury Secretary Scott Bessent asserted Carney "aggressively" walked back his remarks and accused him of pushing a "globalist agenda," insisting "Canada depends on the U.S."
  • Carney reiterated Canada is not pursuing a comprehensive free trade agreement with China, describing instead a limited EV–agriculture tariff arrangement and a broader push for 12 new deals across four continents.
  • Trump previously revoked Canada’s invitation to his Board of Peace and threatened 100% tariffs on Canadian goods if Ottawa pursued a broader China deal.
  • Both capitals are positioning ahead of the scheduled USMCA/CUSMA review, with Canada emphasizing trade diversification as the U.S. takes in about 70% of Canadian exports.