Prime Minister Mark Carney began this week’s summit with his governing cabinet by tamping down expectations of any immediate peace in the U.S. trade war, and previewing a fall budget that he said would pair “austerity” cuts with spending to boost the tariff-damaged economy.

He also revealed that he spoke with U.S. President Donald Trump on Monday in a “constructive” conversation that Carney’s office did not make public.

Under attack from opposition Conservatives for dropping tens of billions of dollars’ worth of retaliatory tariffs late last month, Carney argued he is achieving results in his engagement with Trump. Canada, he insisted, has one of the best trade situations with the tariff-happy U.S., in light of how exports to the country remain exempt from duties under 2018’s North

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