Canada-U.S. talks gain more momentum ahead of midterms: sources
Hassett said the sides are nearing an accord as the White House adjusts tariffs on Canadian goods to aid some U.S. businesses.
- National Economic Council Director Kevin Hassett said on Sunday that Canada and the White House are "very close" to a trade deal, with Commerce Secretary Howard Lutnick negotiating with Canadian counterparts through last week.
- Hassett blamed the recent Canadian election and Albertans' vote on separation for past negotiation difficulties, calling it "essentially impossible to negotiate with the Canadians," though negotiations have since picked up.
- President Donald Trump imposed new 50 per cent tariffs on Canadian goods while dropping others; Preverco CEO Jean-François Dufresne said the move could devastate his sector, stating "Overnight, we're losing 25 per cent of our business."
- Trade Minister Dominic LeBlanc stated Canada stands ready to work "constructively and in good faith" toward a mutually beneficial relationship, while Republican Maine Sen. Susan Collins secured tariff removals on goods critical to her state's agricultural sector.
- President Donald Trump asserted his team holds "all the cards" regarding trade negotiations, echoing remarks made on Friday as the White House continues refining tariff lists affecting various industries.
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Trump says Canada tariff deal coming ‘soon’ at Michigan border rally - Regional Media News
By Valerie Volcovici WASHINGTON, Oct 25 (Reuters) - President Donald Trump at a Sunday political rally predicted a trade dispute with Canada would be resolved "soon," without providing specifics. At an event in Port Huron, Michigan, to boost Republican candidates ahead of the November 3 [...]
Canada taking advantage of US, but getting close to deal: Donald Trump
US President Donald Trump accused Canada of exploiting the United States through trade imbalances, claiming Ottawa had made $90 billion annually at Washington's expense for years. Speaking ahead of a Michigan rally, Trump said negotiations were progressing towards a deal, but stressed he wanted a long-term agreement favourable to the American economy.
Canada taking advantage of US, but getting close to deal: Trump - The Tribune
US President Donald Trump stated that Canada has "taken advantage" of the United States for years through trade imbalances, while expressing confidence that a finalised agreement will secure long-term gains for the American economy.
However, a US official with knowledge of the issue of trade negotiations pointed out that Mark Carney’s administration still does not make enough concessions.
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