World January 26, 2026

Carney Retracts Davos Remarks in Phone Call with Trump, U.S. Treasury Official Says

Scott Bessent tells Fox host Carney 'aggressively' walked back comments from his Davos speech that received a standing ovation

By Sofia Navarro
Carney Retracts Davos Remarks in Phone Call with Trump, U.S. Treasury Official Says

U.S. Treasury Secretary Scott Bessent said Prime Minister Mark Carney, in a phone conversation with U.S. President Donald Trump, sought to distance himself from remarks he made at the World Economic Forum in Davos. Bessent described the reversal as forceful and said the Canadian leader had previously been applauded at Davos for urging nations to accept an end to a rules-based global order. Carney's office had not responded to a request for comment as of late Monday.

Key Points

  • Scott Bessent told Fox News' "Hannity" he was in the Oval Office when President Trump spoke with Prime Minister Carney.
  • Bessent said Carney "aggressively" walked back remarks he made in Davos, where the speech had drawn a rare standing ovation.
  • Carney's office did not immediately respond to a request for comment late on Monday.

OTTAWA, Jan 26 - U.S. Treasury Secretary Scott Bessent told viewers on Fox News' "Hannity" program that Canadian Prime Minister Mark Carney used a conversation with U.S. President Donald Trump on Monday to retract certain observations he had delivered during a recent speech in Davos.

"I was in the Oval with the President today. He spoke to Prime Minister Carney, who was very aggressively walking back some of the unfortunate remarks he made at Davos," Bessent said on air.

According to Bessent's account, Carney had received a rare standing ovation for the Davos speech in which he called on nations to acknowledge that the era of a rules-based global order had ended. Bessent's comments indicate that, during the Oval Office exchange, Carney sought to retract or clarify portions of that message.

Carney's office did not immediately reply to a request for comment late on Monday, leaving the specifics of what was said in the call and the nature of any formal clarification unclear.

The sequence of events as described by Bessent establishes three clear elements: the original speech in Davos and its positive reception by that audience, the subsequent telephone conversation between Carney and the U.S. president, and Bessent's public statement characterizing Carney's posture during that call as an aggressive walk-back.

Beyond Bessent's account, further details about the content of Carney's retraction or the motivations behind it were not provided in the remarks aired on the program. The absence of an immediate response from Carney's office means there is no on-the-record clarification available from the prime minister's team as of late Monday.

Reporters and observers therefore must rely on the Treasury secretary's description for an initial account of the exchange, while noting that official comment from the Canadian side remains pending.


Clear summary: U.S. Treasury Secretary Scott Bessent said Prime Minister Mark Carney, in a call with President Trump, aggressively walked back comments he made at Davos, where he had urged nations to accept the end of a rules-based global order and received a standing ovation. Carney's office had not responded to a request for comment late on Monday.

Risks

  • Limited official clarification from Carney's office leaves uncertainty about the exact content and intent of his retraction - impacts diplomatic and political reporting sectors.
  • Differing public accounts of the exchange could generate short-term confusion in diplomatic communications - relevant to government relations and policy analysis sectors.
  • If the issue remains undeveloped publicly, markets sensitive to geopolitical headlines could face episodic volatility due to uncertainty, affecting risk-sensitive asset classes.

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