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Carney cautious about report of potential Canadian trade deal with US
Canada seeks relief from U.S. tariffs on steel and aluminum while talks explore reviving the Keystone XL pipeline, with a deal possible at the Asia-Pacific Economic Cooperation summit.
- Speaking to reporters, Carney said Canada is in intensive negotiations and expects to see U.S. President Donald Trump at the APEC summit in Gyeongju, South Korea this month.
- The Trump administration imposed tariffs on Canadian steel, aluminum and autos earlier this year, prompting Ottawa to seek relief while talks focus on steel, aluminum and the Keystone XL pipeline.
- Lead negotiators Dominic LeBlanc, Michael Sabia and Ambassador Kirsten Hillman made significant progress on steel and aluminum over two weeks, with Canada likely accepting steel quotas and critical minerals off the table.
- A sectoral agreement would offer relief for the Canadian metals industry and ease pressure on Prime Minister Mark Carney, but Carney cautioned he `wouldn't overplay it` as work remains.
- The APEC summit starts Oct. 29 in South Korea and sources say a meeting between Prime Minister Mark Carney and President Trump could make the difference for a deal.
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Carney And Trump Edge Toward Trade Deal In Korea, But Skepticism Remains
A long-anticipated U.S.–Canada trade agreement might go forward later this month at the Asia-Pacific Economic Cooperation (APEC) summit in South Korea. The Globe and Mail reported that the prospective deal would see Canada accept export quotas on steel in exchange for reduced U.S. tariffs. The talks, according to sources familiar with the matter, do not include critical minerals. The report follows months of back-and-forth between Prime Minister…
·New York, United States
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Total News Sources17
Leaning Left1Leaning Right2Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
11%
C 67%
R 22%
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