Overview

• During their first meeting, Canadian Prime Minister Mark Carney firmly stated that 'Canada is not for sale and never will be,' directly countering President Trump's repeated suggestions of annexation.
• President Trump declined to remove the 25% tariffs on Canadian goods, emphasizing that no offer from Carney could change his stance.
• Both leaders agreed to renegotiate the USMCA trade agreement by 2026, acknowledging the complexity of future trade and tariff discussions.
• Trump reiterated his belief that Canada would benefit as a U.S. state, citing lower taxes and military protection, but Carney dismissed these claims, focusing on partnership and mutual respect.
• Carney described the upcoming negotiations as 'very complex' and urged Trump to cease referring to Canada as the '51st state,' reflecting ongoing tensions in bilateral relations.