US EditionCanada downplays chances of trade deal ‘at any cost’ with US
CANADA, JUL 23 – Canadian leaders prioritize securing a favorable trade deal amid U.S. threats of 35% tariffs on non-compliant goods, with over 75% of Canadian exports affected, officials said.
- On Tuesday, Prime Minister Mark Carney downplayed the importance of the Aug. 1 deadline, emphasizing the goal to get the best deal for Canadians.
- Without a deal by Aug. 1, Trump threatened to raise tariffs effective August 1, as premiers prioritize getting the best deal over rushing negotiations.
- Several provinces signed trade, energy and infrastructure deals, and passed Bill C-5 to support projects, with the major projects office opening by Labour Day.
- Provinces voiced confidence as Ontario Premier Doug Ford said, while Nova Scotia Premier Tim Houston added, `we’re galvanised` with `tremendous confidence` in the prime minister.
- Next, negotiations will continue in Washington, and Mark Carney said that Canada-U.S. Trade Minister Dominic LeBlanc will be in Washington this week, emphasizing the ongoing effort to secure the best deal for Canada.
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