Canadian Prime Minister Mark Carney has characterized the deal as a way to come out from under U.S. attempts to dominate.

President Donald Trump on Saturday threatened to slap 100% tariffs on Canadian imports if America’s second-biggest trading partner makes a trade deal with China.

Canada has agreed to sharply roll back its 100 percent tariff on Chinese electric vehicles, striking a trade-off that signals a broader reset in its relationship with Beijing and a notable divergence from Washington.

Canada's Prime Minister Mark Carney warned of a 'rupture' with the US over tariffs and Trump's insistence on controlling Greenland.

He spoke to Prime Minister Carney, who was very aggressively walking back some of the unfortunate ​remarks he made at Davos," Bessent said. Carney, whose office did not immediately respond to a request for comment late on Monday,