US 'won't dictate terms' of free trade talks, says PM Carney
Summary
Canadian Prime Minister Mark Carney said Canada will not accept demands from the US in upcoming free trade talks between the two countries. The US and Canada have differences over trade issues, including dairy quotas, and formal negotiations have not yet started. Both sides aim for a fair agreement before a July deadline for reviewing the North American trade deal USMCA.Key Facts
- Canada will not let the US dictate the terms in free trade talks.
- The US trade representative said Canada is focusing heavily on globalization, which the US sees as problematic.
- Canada, the US, and Mexico have a July 1 deadline for reviewing the USMCA trade agreement.
- Canada has not started formal talks with the US but has created a new advisory committee on trade relations.
- The US wants Canada to address issues like dairy quotas, which Canada protects with a supply-management system.
- Canadian officials say dairy is off the negotiation table but are open to discussing other trade concerns.
- Canada has already dropped a planned tax on US tech firms after US objections.
- Both countries expect that a final deal by the July deadline is unlikely, but they plan to maintain market access.
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