Liberal Leader Mark Carney emerged from a meeting with his Canada-U.S. committee in Ottawa Friday warning the global economy is starting to slow, and saying he’s directed officials to prepare for negotiations with the Trump administration.

Carney said the 90-day pause, and Trump’s pledge to negotiate new trading arrangements with dozens of countries, “will likely result in a fundamental restructuring of the global trading system.”

Prime Minister Mark Carney says there are clear signs Canada is starting to feel the impact of U.S. President Donald Trump's tariffs, which Ottawa will keep fighting. Carney huddled with his Canada-U.