Canadian Prime Minister Mark Carney praised the recent decision by United States President Donald Trump to temporarily pause reciprocal tariffs on most countries, calling it a “welcome reprieve to the global economy.” The statement came shortly after Trump announced a 90-day suspension on tariffs, with the exception of increased duties on Chinese imports.

Carney made his comments public in a post on X, highlighting the significance of the move for global markets and trade. “As part of today's announcement, the President has signalled that the US will engage in bilateral negotiations with a number of other countries,” he stated. “This will likely result in a fundamental restructuring of the global trading system.”

The Canadian Prime Minister also revealed that he and President Trump have agreed to initiate direct negotiations on a new economic and security partnership. These talks are set to begin immediately following the upcoming federal election in Canada. Carney emphasized the importance of aligning both nations' economic interests in a changing geopolitical environment.

President Trump's tariff strategy has undergone a shift in recent days, with a softer stance toward most trade partners and a renewed emphasis on diplomacy. While the U.S. has opted for negotiations with countries that have not retaliated, it simultaneously increased tariffs on Chinese goods, citing the need for a more balanced trade approach with Beijing.

The planned discussions between Canada and the United States are expected to cover a range of topics, including trade facilitation, investment, and joint security frameworks. Both leaders aim to create a more stable and mutually beneficial economic relationship amid growing global uncertainty.

The developments mark a potentially transformative moment in North American trade dynamics, as well as broader efforts to reconfigure global trade under evolving U.S. leadership. Observers will be watching closely to see how these negotiations unfold and what implications they may carry for the global economic order.