Canadian Prime Minister Carney reports progress in trade talks with Trump days before U.S. midterms
Summary
Canadian Prime Minister Mark Carney said he had a constructive conversation with U.S. President Donald Trump about a possible trade deal. Negotiators will work toward an agreement in the coming weeks, but neither side has announced terms, including possible relief from U.S. tariffs on Canadian steel and automobiles.Key Facts
- Carney said the discussion built on recent talks about the outlines of a potential deal.
- Carney said the proposed deal should create jobs, lower costs for families, and protect Canada's languages, culture, and sovereignty.
- Canada withdrew from negotiations in August, saying U.S. demands threatened Canadian sovereignty, French-language protections, and the auto industry.
- Trump imposed 50% tariffs on roughly $20 billion in Canadian goods, and Canada retaliated.
- The two countries have resumed talks, but progress has been uneven.
- Carney said on Wednesday that the countries were not yet ready to reach an agreement before the Nov. 3 U.S. midterm elections.
- Tariffs have become an election issue in Michigan and Maine, where Republican candidates have faced pressure over their impact on local businesses.
- Canada and the European Union launched an economic and security alliance as Carney seeks to double Canadian exports outside the United States over the next decade.
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