Canada-U.S. talks gain more momentum ahead of midterms: sources
Kevin Hassett said talks are nearing an accord as the White House keeps pressing new tariffs on Canadian goods.
- 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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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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White House Says U.S. and Canada Are ‘Very Close’ to Trade Deal as Tariff Negotiations Accelerate
White House economic adviser Kevin Hassett said negotiations with Canada are gaining momentum and approaching an agreement, following renewed talks and a decision by President ... The post White House Says U.S. and Canada Are ‘Very Close’ to Trade Deal as Tariff Negotiations Accelerate first appeared on [your]NEWS.
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