💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Trump, Trudeau discuss trade, economic issues over phone call

Published 30/06/2018, 18:22
© Reuters. FILE PHOTO: Canada's Prime Minister Justin Trudeau meets with U.S. President Donald Trump in the Charlevoix town of La Malbaie Quebec

By Jeff Mason and David Ljunggren

BEDMINSTER, N.J./OTTAWA (Reuters) - U.S. President Donald Trump spoke with Canadian Prime Minister Justin Trudeau late on Friday to discuss trade and other economic issues, White House Press Secretary Sarah Sanders said on Saturday.

The phone call between the two leaders was the first to be publicly disclosed since Trump blasted Trudeau as "very dishonest and weak" at the end of the Group of Seven leaders meeting in Canada earlier this month.

Trump has repeatedly suggested Canada was profiting from U.S. trade, and his blistering comments after the G7 meeting drove bilateral relations to their lowest point in decades.

On Friday, Canada struck back at the Trump administration over U.S. steel and aluminium tariffs, vowing to impose punitive measures on C$16.6 billion (9.54 billion pounds) worth of American goods until Washington relents.

During the call, Trudeau told Trump that Canada had no choice but to announce reciprocal countermeasures to the steel and aluminium tariffs, according to a separate statement issued by Canada late on Friday. The two leaders agreed to stay in close touch on a way forward, the statement added.

Trudeau also expressed his condolences for the victims of the shooting at the Capital Gazette newspaper in Annapolis, Maryland, the Canadian statement said.

Separately, Trudeau also spoke with Mexican President Enrique Pena Nieto on Friday to discuss the Mexican elections on July 1. The two leaders also discussed the North American Free Trade (NAFTA) negotiations and agreed to continue working towards a mutually beneficial outcome.

© Reuters. FILE PHOTO: Canada's Prime Minister Justin Trudeau meets with U.S. President Donald Trump in the Charlevoix town of La Malbaie Quebec

Negotiations to modernize NAFTA started last August and were initially scheduled to finish by the end of December, but the three countries have yet to reach a deal.

(Reporing by Jeff Mason and David Ljunggren; Writing by Denny Thomas; Editing by Daniel Wallis)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.