Mark Carney Meets Trump to Reset Canada-U.S. Relations Amid Brookfield Tax Allegations and Cabinet Plans

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Updated May 9, 2025, 05:18 PM

Canadian Prime Minister Mark Carney held a closed-door luncheon meeting with U.S. President Donald Trump at the White House, where they discussed foreign policy and trade. Carney praised Trump as a "transformational president" and indicated a willingness to find common ground on trade issues, signaling a shift toward normalizing Canada-U.S. relations after previous tensions. The meeting was characterized by Carney's strategic calmness and efforts to manage the unpredictable Trump, which drew praise from various observers. Carney, formerly chairman of Brookfield Asset Management, a global investment firm managing over a trillion dollars, has faced scrutiny over allegations of tax avoidance linked to Brookfield's activities in Bermuda. His government plans to announce a new cabinet soon, with expectations that Carney will moderate previous climate policies without changing their overall direction. The visit also highlighted Carney's focus on economic issues, health, and climate change, while aiming to reduce internal political tensions, especially in Alberta and Quebec. Despite positive media coverage, Carney faces criticism regarding transparency and ethics, with some accusing him of exploiting loopholes to hide conflicts of interest. Additionally, there are reports that Elon Musk is close to filing a class action lawsuit against Canada, potentially complicating Carney's position.

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