• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsMark Carney

Trump is aiming for big concessions on trade, Carney warns Canada voters

By
Brian Platt
Brian Platt
,
Derek Decloet
Derek Decloet
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Brian Platt
Brian Platt
,
Derek Decloet
Derek Decloet
and
Bloomberg
Bloomberg
Down Arrow Button Icon
April 26, 2025, 1:03 PM ET
Mark Carney stands in front of a giant Canadian flag
Prime Minister of Canada and Liberal Party Leader Mark Carney delivers a speech to supporters during a rally on April 23, 2025 in Surrey, Canada.Rich Lam—Getty Images

Mark Carney said he expects US President Donald Trump will try to extract “major concessions” from Canada in negotiations, and that he takes seriously the president’s stated desire to turn the country into a US state. 

Recommended Video

“Take what the president says literally. I take it literally. I always have,” the Canadian prime minister told reporters on the final weekend before national elections. 

“Right from the start, I took it seriously. And because of that, that drives our actions, that drives the strength of our response to their tariffs.” Canada has retaliated against US tariffs with its own import taxes on tens of billions of dollars of American-made goods. 

Trump said in an interview published by Time this week that he’s “really not trolling” when he talks about turning Canada into the 51st US state. He repeated, without evidence, his claim that the US spends hundreds of billions of dollars a year to “take care of Canada.” A large majority of Canadians are opposed to the idea of joining the US. 

Canada’s economy is vulnerable to Trump’s trade protectionism, however: About three-quarters of its exports go to the US, including almost all its oil and gas exports. 

Carney, 60, is campaigning in the battleground province of Ontario on the last weekend of the campaign. Canadians vote on Monday, and most opinion surveys show Carney’s Liberal Party with a narrow lead over the Conservative Party, led by Pierre Poilievre. 

The latest poll from Leger Marketing has the Liberals around 43% and the Conservatives at 39%, with Carney holding about a 10-point advantage on the question of who would make the best prime minister. Leger found the Liberals are far ahead in Quebec but have a smaller lead in Ontario; the two provinces control the majority of the seats in the country’s House of Commons. Conservatives are the dominant political party in much of western Canada. 

Carney has based his campaign on the theme that Canada has no choice but to forge stronger alliances with the rest of the world while renegotiating its relationship with the US. 

“America wants our land, our resources, our water, our country. President Trump is trying to break us so that America can own us,” he told supporters on Saturday, repeating a line he has said frequently. 

Trump has made a number of complaints about trade — saying Canada makes it too hard for the US to do business in sectors including banking and dairy. The president also doesn’t like it that Canadian factories export more than 1 million cars and trucks a year to the US. 

Asked later by a reporter whether he believes Trump would try to use military force against Canada to accomplish his goals, Carney said no.

Carney and Trump have spoken by phone but not met in person since the former central banker took over from Justin Trudeau last month. 

Join us at the Coins2Day Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Brian Platt
See full bioRight Arrow Button Icon
By Derek Decloet
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
North America
'I meant what I said in Davos': Carney says he really is planning a Canada split with the U.S. along with 12 new trade deals
By Rob Gillies and The Associated PressJanuary 28, 2026
11 hours ago
placeholder alt text
Commentary
Yes, you're getting a bigger tax refund. Your kids won't thank you for the $3 trillion it's adding to the deficit
By Daniel BunnJanuary 26, 2026
2 days ago
placeholder alt text
C-Suite
Coins2Day 500 CEOs are no longer giving employees an A for effort. Now they want proof of impact
By Claire ZillmanJanuary 28, 2026
17 hours ago
placeholder alt text
Personal Finance
Current price of silver as of Tuesday, January 27, 2026
By Joseph HostetlerJanuary 27, 2026
1 day ago
placeholder alt text
Real Estate
Ryan Serhant thinks the American Dream was just a 'slogan created by banks,' but it was really about FDR, the Great Depression, and an economic crisis
By Sydney Lake and Nick LichtenbergJanuary 26, 2026
2 days ago
placeholder alt text
Success
As AI wipes out desk jobs, Citigroup CEO Jane Fraser says the company is training 175,000 employees to ‘reinvent themselves’ before their roles change forever
By Emma BurleighJanuary 27, 2026
1 day ago

© 2026 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Politics

BankingDonald Trump
JPMorgan, BofA will match the $1,000 ‘Trump Accounts’ for employees’ children. Here’s how to open an account
By Sydney LakeJanuary 28, 2026
2 hours ago
Fed Chair Jerome Powell stands at podium and talks
PoliticsFederal Reserve
Jerome Powell says Fed independence isn’t lost … yet. ‘I certainly hope we won’t’ lose it
By Jake AngeloJanuary 28, 2026
4 hours ago
troops
PoliticsTaxes
The American taxpayer spent nearly half a billion dollars deploying federal troops to U.S. cities in 2025, CBO finds
By Nick LichtenbergJanuary 28, 2026
5 hours ago
bessent
InvestingMarkets
Scott Bessent on the 39% of young Americans thinking favorably of socialism: They’re just not invested in the stock market
By Nick LichtenbergJanuary 28, 2026
6 hours ago
Federal Reserve Chairman Jerome Powell walks between meetings at the Fed on January 13, 2026 in Washington, DC.
BankingFederal Reserve
Fed holds rates at an unusual moment: Stocks at record highs, dollar under pressure, and Powell in the crosshairs
By Eva RoytburgJanuary 28, 2026
6 hours ago
Sam Altman stands.
AIOpenAI
Sam Altman reportedly says ICE ‘is going too far’ while praising Trump as CEOs toe the line with Minneapolis shootings response
By Jacqueline MunisJanuary 28, 2026
7 hours ago