Canadian Prime Minister Mark Carney says Canada will keep working toward a new trade framework with the United States despite U.S.

The country’s new prime minister, Mark Carney, has been called the “Trump whisperer,” and negotiations have been cordial and professional. But it’s been a wild ride.

Trump wrote to Carney to inform him that, from August 1, Canada will face a 35 percent import tariff after the two sides failed to reach a deal during the recent pause. The American leader said he would consider revising the 35 percent tariff "if Canada works with me to stop the flow of Fentanyl".

A day after President Trump announced a new 35 percent tariff on Canadian goods beginning next month, Prime Minister Mark Carney said Canada had made “vital progress” towards stopping fentanyl.

Prime Minister Mark Carney responded to U.S. President Donald Trump's latest threat to impose a 35 per cent tariff on all Canadian goods, saying the 'revised deadline' for a deal is Aug. 1 and that 'Canada has made vital progress to stop the scourge of fentanyl.

Prime Minister Mark Carney says the deadline for a new economic and security deal between Canada and Ottawa has been pushed back a second time as U.S. President Donald Trump threatens to increase tariffs on Canadian products to 35 per cent.

The upcoming tariffs, which mark an increase over the 25% tariff rates that Trump first imposed on Canadian imports in March.

US stocks fell Friday and the S&P 500 slipped from a record high after President Trump slapped Canada with a 35% tariff and threatened higher levies on most other nations. The S&P 500 plunged 0.4% to 6,253.10 after reaching a new record Thursday of 6,280.46.

The Canadian government told employees they may face job losses, as Prime Minister Mark Carney searches for spending cuts to keep the budget deficit in check.

Canadian Prime Minister Mark Carney has confirmed his government’s review of its C$19 billion F-35 fighter jet deal will be completed by the end of the summer, a move fueled by rising tensions with the Trump administration.