Is a trade deal expected? Statements by the leaders of Canada and the United States Canadian Prime Minister Carney said on social media on November 1 that he had a "productive dialogue" with US President Trump about trade prospects between Canada and the US. Carney said this dialogue is based on recent constructive communications between the two sides and aims to explore a framework for a mutually beneficial and win-win trade agreement. He said the agreement would create jobs for workers on both sides, reduce the cost of living for families and fully respect Canadian sovereignty. Carney said teams from both sides will work closely on the trade deal in the coming weeks. Trump told reporters that day that he had a phone conversation with Carney on October 31, and the two sides had formulated an initial concept for a trade agreement and were expected to reach an agreement soon. However, Trump again complained that the US had "lost money for a long time" in trade with Canada and had "lost money for 70 or 75 years". In the past, Trump threatened to make Canada the "51st country" of the United States and significantly increase tariffs on Canadian products exported to the United States. The last round of trade negotiations between the United States and Canada broke down in August, and relations between the two sides remain under strain. Canadian Foreign Minister Anand said on October 31 that Canada is pursuing "middle power diplomacy" and seeks to strengthen trade and security ties with a number of partners other than the US in order to reduce its sole reliance on external powers and aim to double Canada's trade volume with the non-US market within 10 years.

Is a trade deal expected? Statements by the leaders of Canada and the United States Canadian Prime Minister Carney said on social media on November 1 that he had a "productive dialogue" with US President Trump about trade prospects between Canada and the US. Carney said this dialogue is based on recent constructive communications between the two sides and aims to explore a framework for a mutually beneficial and win-win trade agreement. He said the agreement would create jobs for workers on both sides, reduce the cost of living for families and fully respect Canadian sovereignty. Carney said teams from both sides will work closely on the trade deal in the coming weeks. Trump told reporters that day that he had a phone conversation with Carney on October 31, and the two sides had formulated an initial concept for a trade agreement and were expected to reach an agreement soon. However, Trump again complained that the US had "lost money for a long time" in trade with Canada and had "lost money for 70 or 75 years". In the past, Trump threatened to make Canada the "51st country" of the United States and significantly increase tariffs on Canadian products exported to the United States. The last round of trade negotiations between the United States and Canada broke down in August, and relations between the two sides remain under strain. Canadian Foreign Minister Anand said on October 31 that Canada is pursuing "middle power diplomacy" and seeks to strengthen trade and security ties with a number of partners other than the US in order to reduce its sole reliance on external powers and aim to double Canada's trade volume with the non-US market within 10 years.