Canada's Carney says he can wait out Trump for a trade deal after forging a new EU alliance
Mark Carney, who agreed at the Montreal summit to contribute to a €90bn Ukraine support loan alongside the new Canada-EU "Alliance for the Future" deal.
Canadian Prime Minister Mark Carney is prepared to wait for a new US president rather than strike a bad trade deal with Trump, delivering his sharpest rebuff to Washington in months. The declaration came at the close of a two-day Montreal summit where Canada and the EU launched their "Alliance for the Future," pledging the deepest possible partnership short of full accession. Carney expects associate member negotiations to conclude by June, with a final framework set by a 2027 summit.
Canada agreed at the summit to contribute to a €90bn support loan for Ukraine, while leaders also pledged a more integrated market worth tens of billions of dollars.
Trump called the associate member idea "laughable" last month and threatened "very heavy tariffs" on Europe if he judged the move a hostile act.
The term "associate member" proved so divisive among EU governments — Germany among those opposed — that it was left out of the summit's final joint statement entirely.
