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Canadian Economy and Markets

Ottawa, March 5 (Xinhua) – ‍Prime Minister Justin Trudeau spoke with U.S.President Donald trump today in a telephone conversation focusing on ​commerce and fentanyl, according⁤ to local media reports.

Justin Trudeau.

First Conversation As Trade‍ Actions

This marks the first conversation⁤ between the two leaders since Trump ‍initiated certain trade actions on Tuesday. The discussion, as reported ​by CBC News, lasted 50 minutes and centered around “commerce and fentanil.”

Ongoing discussions Expected

Further ‌discussions ⁢between the teams of both leaders are⁣ anticipated later this afternoon, the report indicated.

Potential ​Exemption for Car Exports

Trump has⁣ reportedly decided to grant a one-month exemption for⁤ automobiles under ‍the Treaty ⁢between Mexico, the United States, and Canada ​(T-MEC), also known as USMCA in the united States and ‌CUSMA⁣ in Canada.⁢

CBC News ‌noted that​ “It is still unknown if Trump’s alleged exemption includes Canadian car exports to the United ‌States, but it seems that this form of cross -border trade can continue as before.”

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