Prime Minister Mark Carney says he's spoken to U.S. President Donald Trump after Monday's tariffs announcement and that the two leaders have agreed to intensify trade discussions.

The Canadian leader’s carefully worded statement stopped short of threatening retaliatory tariffs but warned that the move would raise costs for American families.

Mark Carney says Canada is ready to intensify U.S. trade talks after Trump's new tariffs, calling them a USMCA violation.