Trump and Carney discussed trade and geopolitical issues for an extended period on Monday.

Canada and the United States have been engaged in ongoing negotiations for a new economic and security deal, with Prime Minister Mark Carney recently holding discussions with U.S. President Donald Trump.

During the conversation, which covered various topics including trade, geopolitical issues, and labor issues, Carney stated that goods covered by the Canada-U.S.-Mexico Agreement (CUSMA) are exempt from Trump's tariffs. This exemption was confirmed after the U.S. president implemented tariffs on Canadian goods in February, but later exempted imports that are CUSMA-compliant.

The Canadian prime minister has prioritized getting the "best deal" over a timely one in these negotiations. He announced that a senior team is currently meeting with U.S. counterparts in Washington to discuss strategic sectors for a new economic and security agreement.

However, Carney did not provide a timeline for results from these trade talks with the U.S. He did mention, though, that Trump had assured him this move would help spur negotiations.

It's important to note that CUSMA, which was implemented in 2018, is up for review next year. The agreement has been instrumental in maintaining the flow of goods between the three North American countries, despite the tariffs imposed by the U.S. on steel, aluminum, autos, and copper. These tariffs are stacked on top of any import taxes aimed at specific countries, such as Canada.

As the negotiations continue, the focus remains on securing a deal that benefits both countries. The search results do not provide information about the leader of the Canadian government delegation currently in Washington, D.C., negotiating with U.S. counterparts on these strategic sectors for a new economic and security agreement.

In a significant step towards easing tensions, Canada dropped many of its counter-tariffs by exempting goods covered by CUSMA last month. This move is expected to further facilitate trade between the two nations.

As the conversations between Carney and Trump progress, both countries remain hopeful for a mutually beneficial agreement that strengthens their economic ties and ensures continued growth and prosperity.