Trump announced a new trade agreement between the US and Canada that includes the Keystone XL pipeline

Canadian Prime Minister Mark Carney announced on Sunday that he had a 'good conversation' with US President Donald Trump regarding the future of trade between Canada and the US.

Carney stated on social media that the discussion was based on 'recent constructive conversations about the outlines of a mutually beneficial trade agreement,' which would help create jobs, improve product availability, and fully respect Canadian languages, culture, and sovereignty. He added that their teams would begin work in the coming weeks to achieve this outcome.

US President Donald Trump also stated on Sunday that his administration has a 'concept' for a new trade agreement with Canada following his discussion with Carney. Speaking to reporters in Dubuque, Iowa, Trump noted: 'I spoke with him again yesterday, and we have a concept for a deal that will be great for our farmers, great for our country, and we will make it happen.'

Carney's latest statement followed comments he made to the American media outlet Politico just two days earlier. At that time, he insisted that he was not rushing to sign a trade truce with Trump and intended to wait until the end of his presidential term in 2029, rather than signing an unfavorable deal. According to Carney, quoted by Politico: 'What is happening is that every passing month makes Canada stronger. Our capabilities are growing.'

In recent months, Canada and the United States have imposed billions of dollars in tariffs on each other. The introduction of tariffs on Canada has been a topic of discussion in some northern US states, such as Michigan and Maine, ahead of Tuesday's US midterm elections.

Trump had claimed last week that a trade agreement with Canada was imminent, but Ottawa had previously reported limited progress in trade negotiations despite efforts to ease tariffs on steel and automobiles. Trump announced on Sunday that the agreement would include the Keystone XL pipeline project, which he supports, although it was not immediately clear how this project would be revived.

Dominique Leblanc's representative, Canada's minister responsible for trade with the US, provided no further comments beyond Carney's statements on Sunday evening. Trump had mentioned in August that the pipeline 'could be brought back from the dead.' The proposed pipeline was intended to transport 830,000 barrels of oil per day from the oil sands of northern Alberta to a major US storage hub in Cushing, Oklahoma, and then to Gulf Coast refineries. Canada, the world's fourth-largest oil exporter, directs over 90% of its crude oil production to the US.

Canadian Prime Minister Mark Carney asserted that the United States will gain advantages from the diversification of Canada's trade alliances, even in the face of criticism from US President Donald Trump regarding proximity to the European Union (EU).

In Montreal, during a summit between Canada and the European Union taking place this Thursday and Friday, Carney told journalists that 'a stronger Canada is a better partner for everyone.' He added that to achieve this, it is necessary to diversify partnerships with trusted allies, ensuring that 'the United States will see the benefits' of this approach.

These statements come amid trade tensions between Ottawa and Washington, after Trump vehemently criticized the strengthening of ties between Canada and the European bloc. The two-day summit includes the participation of European Commission President Ursula von der Leyen and President of the European Council António Costa, aiming to deepen cooperation in commercial, economic, and defense areas between the two parties.

The meeting aims to solidify transatlantic ties at a time when Canada and the EU seek to reduce their economic and strategic dependence on the United States, given the change in American trade and foreign policy. Carney, who previously characterized Canada as 'the most European of non-European countries,' has advocated for an unprecedented closeness with community institutions.

This convergence with Brussels is part of the Canadian government's strategy to expand export markets and strengthen relations with partners considered safe, in a scenario of growing uncertainty in trade relations with Washington. The President of the European Council expressed his support for Ursula von der Leyen's proposal to grant Canada 'associated member' status with the EU, regardless of the terminology used.

In a speech delivered at the Montreal Council on International Relations, adjacent to the summit, António Costa emphasized that at this event, Brussels and Ottawa will establish 'an alliance for the future' and foster an 'ever closer association.'

Discussions between India and the US regarding a trade agreement have been ongoing for several months. US President Donald Trump made an important statement on this matter, announcing that both countries are close to concluding a deal. He emphasized that this agreement is significantly different from previously reached arrangements.

On Tuesday, Trump spoke with journalists about the trade agreement between India and the US. He made it clear that both nations are nearing an agreement, stating: 'They want to make a deal. We are also going to make a deal. We are very close.'

However, he added that this new treaty will have a completely different nature compared to previous agreements. Trump's statement came during the visit of US Secretary of State Marco Rubio to India. During this visit, the parties held active discussions on issues of trade, energy, technology, defense, and bilateral relations.

It is worth noting that at the beginning of this month, Commerce Minister Piyush Goyal also met with US Trade Representative James Greer to discuss the terms of the trade agreement.

Earlier, India and the US announced the development of a framework for the first phase of a bilateral trade agreement in February of this year. However, negotiations on this agreement were resumed after changes in US tariff policy.

Following Trump's recent statements, public attention is focused on the progress of the trade agreement between the two countries. At the same time, Congress has criticized Trump's statement. Congressman T.S. Singh Deva posted on X, questioning why there are no statements from the Indian side regarding the trade agreement.