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Carney denies walking back Davos speech in phone call with Trump

January 28, 2026
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Canadian Prime Minister Mark Carney has told reporters he stands behind his speech in Davos calling out unconstrained super powers, after a Trump official said he had “aggressively” walked it back in a call with US President Donald Trump.

“To be absolutely clear, and I said this to the president, I meant what I said in Davos,” Carney said on Tuesday, confirming he and Trump had spoken by phone.

US Treasury Secretary Scott Bessent had told Fox News on Monday that Carney was “very aggressively walking back” some of the remarks to Trump.

Carney made global headlines for his Davos speech, in which he indirectly called out the US president for a “rupture” in the postwar world order.

Trump responded in his own Davos speech the following day by saying that “Canada lives because of the United States”.

Speaking to reporters in Ottawa on Tuesday, Carney denied Bessent’s recollection of the phone call.

He added that it was the US president who had called him on Monday, and that the two had a “very good conversation on a wide range of subjects”, including Ukraine, Venezuela, Arctic security and Canada’s recent trade agreement with China.

Carney said they also discussed the USMCA, a free-trade pact between Canada, the US and Mexico, which is up for a mandatory review later this year.

Carney said his speech in Davos clearly outlined how “Canada was the first country to understand the change in US trade policy that (Trump) had initiated, and we’re responding to that”.

He added that the president understood Canada’s position.

Later, speaking in the House of Commons about the future of the trade talks, Carney said the USMCA review would begin in a few weeks.

He added, in French: “The world has changed. Washington has changed. There’s almost nothing normal in the United States. That’s the truth”.

In the Fox News interview on Monday, Bessent criticised Canada’s decision to negotiate a trade deal with China. He added that he was “not sure what the Prime Minister was thinking” when he made his speech in Davos.

“Canada depends on the US,” Bessent said. “There’s much more north-south trade then there could ever be east-west trade.”

“The prime minister should do what’s best for the Canadian people rather than try to push his globalist agenda,” the treasury secretary added.

His remarks came after Trump threatened Canada with 100% tariffs on its goods if it allows Chinese goods to flow freely to the US, skirting levies.

The deal between Ottawa and Beijing would lower levies on Canadian canola oil from 85% to 15% by March, while Canada will tax a limited number of Chinese electric vehicles, or EVs, at the most-favoured-nation rate, 6.1% – down from 100%.

Carney said that Canada is not pursuing a free-trade deal with China and has “never” considered it.

Speaking to reporters on Monday, Carney added that he believed Trump’s latest tariff threat is a negotiation tactic ahead of talks on USMCA.

“The president is a strong negotiator, and I think some of these comments and positioning should be viewed in the broader context of that,” he said.



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