Trump Aims to Extract Big Concessions on Trade, Carney Warns

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.

“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.

Mark Carney

Photographer: David Kawai/Bloomberg

“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 ...