Mark Carney says Canada will not rush into a weak trade agreement with the United States simply to secure quick tariff relief, insisting Ottawa is focused on achieving a strong and lasting outcome rather than settling for what he called a “small deal.”
In an interview with CBC News, Carney said Canada is prepared to negotiate immediately and believes the tariff dispute could be resolved within days if Washington were ready to fully engage. However, he said progress depends on willingness from both sides.
The United States continues to impose tariffs on several Canadian exports, including steel, aluminum, copper, some auto parts, lumber and other wood products. Those duties have created pressure on major Canadian industries and raised concerns over jobs and investment.
Carney said Canada needs “a good deal at the right time” and warned against agreements that may look positive publicly but fail to protect national interests. He also suggested some countries that quickly reached tariff arrangements with the U.S. are privately dissatisfied with the terms they accepted.
Over the past year, countries and blocs such as the United Kingdom, Japan and the European Union have negotiated trade understandings with Washington, though some tariffs remained in place.
Carney also discussed his relationship with Donald Trump, saying the two leaders have periodic conversations and that he believes Trump respects directness and strength. He added that being clear and honest is more effective than flattery.
The prime minister revealed that during his first official visit to Washington last year, Trump’s first private question to him was about Iran and what action he should take. Carney did not disclose his advice but noted Canada was not consulted before the recent conflict in the Middle East escalated.
On the Strait of Hormuz crisis, Carney said Canada is exploring constructive ways to help once there is a durable ceasefire. He suggested Canada could support allies in clearing mines and restoring safe shipping routes after hostilities end.
The comments come as Canada prepares for a critical summer review of the North American trade agreement and growing calls from businesses for relief from U.S. tariffs.