Canada: Deputy Prime Minister meets with U.S. Treasury Secretary Janet L. Yellen in Washington, D.C.

Today’s meeting reinforces the close partnership between Canada and the United States and builds on the work discussed during Secretary Yellen’s first official visit to Canada last year.

The Deputy Prime Minister and the Secretary discussed how Canada and the United States can work together to grow their respective economies and create more good jobs for people on both sides of the border.

The Deputy Prime Minister and the Secretary also spoke about the Inflation Reduction Act (IRA), and the importance of investing in an industrial policy that creates good jobs, fights climate change, and makes our supply chains more resilient.

The Deputy Prime Minister and the Secretary also spoke about the importance of continued climate action; preserving the competitiveness of cross-border supply chains, including for steel and aluminum; and ensuring international tax fairness, among other topics.

The Deputy Prime Minister and the Secretary concluded by reiterating their countries’ steadfast resolve to continue supporting Ukraine in its heroic resistance to Russia’s illegal and barbaric invasion. Canada and the United States have together played leading roles in providing important assistance to Ukraine and ensuring the effectiveness of sanctions against Russia and Belarus, and the Deputy Prime Minister and Secretary Yellen committed to continue working together in support of Ukraine.