World Business Report Trump and Carney talk trade at the White House
Oct 7, 2025
Blake Hertick, a commodities analyst at Argus Media, shares insights on the EU's doubled steel tariffs and their potential to bring the US back to trade negotiations. Meanwhile, Lily Jamali, BBC's North America technology correspondent, dives into the controversy surrounding OpenAI's Sora video generator, explaining Hollywood's concerns over copyright infringement and character usage. She discusses how AI-generated videos could influence social sharing and the balancing act OpenAI faces with profitability amid legal challenges.
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Warm Tone, No Deal Yet
- Mark Carney secured a warm, optimistic tone with President Trump but left without a signed trade deal.
- The meeting signalled improved relations but no immediate resolution on tariffs and trade barriers.
Lumber Orders Vanished After Tariff Hike
- Brian Menzies described orders disappearing after tariffs rose, with phones and emails going quiet.
- He warned that sudden tariff hikes threaten small, family-run Canadian timber businesses' survival.
Use Retaliation Sparingly To Reopen Talks
- Canada withdrew some retaliatory tariffs and legal actions to show good faith and re-enter negotiations.
- Use measured diplomatic steps to signal willingness to negotiate rather than escalate consumer costs.