Carney signals progress on Canada-US trade deal talks as midterms loom
Summary
Canadian Prime Minister Mark Carney said Canada and the United States had made progress toward a future trade deal after a conversation with U.S. President Donald Trump. Their teams will continue talks in the coming weeks amid tariffs between the two countries and ahead of the November 3 U.S. midterm elections.Key Facts
- Carney described the discussion with Trump as a good conversation about the future of Canada-U.S. trade.
- Carney said the talks built on recent discussions about the outlines of a mutually beneficial trade deal.
- High-level trade talks between Canada and the United States broke down in August.
- Trump imposed a 50 percent tariff on $20 billion of Canadian goods, according to the article.
- Canada imposed tariffs on U.S. steel, dairy, appliances, farm equipment, pulp and paper, and electronics.
- Trade tensions have become an issue in midterm contests in Michigan and Maine, where Republican candidates have faced pressure over tariffs.
- Canada is seeking to diversify its trade and welcomed an EU proposal for it to become an associate member.
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