Prime Minister Mark Carney said Friday that he was “disappointed” but would work to build Canada’s economic resiliency and diversify its trading relationships.

Canada minister Dominic LeBlanc expressed optimism that a deal could be reached to reduce the newly imposed 35% US tariffs on Canadian goods outside the USMCA. He hinted at upcoming talks between Prime Minister Mark Carney and President Trump.

After Canada failed to strike a trade deal with Washington, the president raised tariffs on some Canadian exports this week.