TRUMP: "Justin Trudeau called me to ask what could be done about Tariffs"

Trudeau, Trump Discuss Trade and Tariffs Amid Escalating Trade War

Prime Minister Justin Trudeau wrapped up a midday phone call with U.S. President Donald Trump on Wednesday, marking their first direct conversation since Trump triggered a trade war with Canada by imposing sweeping tariffs on all Canadian goods.

While the exact details of their discussion remain unclear, a spokesperson for Trudeau confirmed they talked about “trade and fentanyl.”

According to a senior Canadian government official, the 50-minute call also included U.S. Vice President JD Vance and Commerce Secretary Howard Lutnick. The official added that talks between the two sides will continue throughout the afternoon.

Trump Defends Tariffs, Canada Pushes Back

In a speech to Congress, Trump justified his decision to impose 25% tariffs on Canadian imports, despite sharp criticism from Canada and concerns about market instability. Trudeau previously slammed the move as "very dumb."

WATCH | Trump defends tariffs in Congress, Canada fights back

One-Month Tariff Exemption for Automakers

In a potential softening of the trade measures, White House Press Secretary Karoline Leavitt announced that Trump has granted a one-month exemption on auto imports under the USMCA trade deal (known in Canada as CUSMA).

Leavitt said the decision followed direct appeals from the heads of Ford, General Motors, and Stellantis, who urged Trump to reconsider the tariffs due to their impact on North American auto supply chains.

While the specifics of this exemption remain unclear, it suggests that Canadian auto exports to the U.S. will continue unaffected—for now.

tastytrade logo+
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.