Trump Softens on Canada as Economy Looms Large Over Midterms
Summary
President Donald Trump and Canadian Prime Minister Mark Carney said they had discussed resuming trade negotiations, but neither announced terms of a deal. The talks come as tariffs and cost-of-living concerns weigh on U.S. businesses and feature in the run-up to the November 3 midterm elections.Key Facts
- Carney said the leaders discussed an agreement to support jobs, improve affordability and protect Canada’s sovereignty.
- Trump said he believed the two countries had the concept of a good deal and suggested it could benefit American farmers.
- Trump raised the possibility of reviving the Keystone XL oil pipeline, which President Joe Biden blocked in 2021.
- Canada left negotiations in August after rejecting U.S. demands that Carney said threatened Canadian sovereignty, French-language protections and the auto industry.
- The United States imposed 50 percent tariffs on about $20 billion worth of Canadian goods, and Ottawa responded with tariffs on some U.S. products.
- U.S. manufacturers rely on Canadian steel, aluminum and auto parts, while American farmers and other exporters sell goods to Canadian customers.
- A Reuters/Ipsos poll released October 26 found Trump’s approval rating at 32 percent and Democrats leading Republicans 47 percent to 36 percent among registered voters.
- The Bureau of Labor Statistics reported that consumer prices rose 3.7 percent in the year to September and gasoline prices rose 9.1 percent during September.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
