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Mark Carney confirms possibility of sectoral tariff deal with U.S.
Mark Carney highlighted Canada's strategy to ease punitive U.S. tariffs on key exports while preparing for the 2026 USMCA review amid a weakening U.S. economy.
- Last month, Mark Carney briefed Premier Doug Ford on U.S.-Canada trade talks and said Canada and the U.S. will have bilateral trade deals alongside USMCA.
- Signs of U.S. economic strain are sharpening, boosting Canada’s leverage as stagnant job creation and rising inflation combine with OECD forecasts of slower growth and 3 per cent inflation into the midterm Congressional elections in November.
- Negotiators are focusing on tariff‑quota arrangements to secure tariff-free or low‑tariff access for steel, aluminum, automotive and lumber to protect Canadian exporters.
- A pragmatic deal would ease export pressure for Canada while cutting input costs for U.S. user industries, with Canada advantaged if short-term accommodation on sectoral tariffs is reached.
- Canada's Prime Minister Mark Carney said Ottawa is in intensive talks with Washington to reduce tariffs, amid U.S. talk of shifting toward bilateral agreements and economic fragility shaping the timing.
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Carney, Ford say they are on the ‘same page’ on U.S.-Canada trade negotiations
Ontario Premier Doug Ford said he ‘supports the prime minister 1,000 per cent,’ on handling trade negotiations with U.S. President Donald Trump. Prime Minister Mark Carney echoed that, saying he and Ford are on the same page.
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Canada inflation ticks up, Carney says U.S. trade talks 'intensive'
Read: 2 min Canada’s annual inflation rate rose to 2.4 per cent in September, data showed Tuesday, as Prime Minister Mark Carney said Ottawa was in “intensive” talks with Washington to reduce tariffs that have impacted prices. Carney was asked about a report in The Globe and Mail saying a trade deal with U.S. President Donald Trump in three crucial sectors — steel, aluminum, and energy — could be ready to sign within days. “We’ll see,” Carney to…
Coverage Details
Total News Sources9
Leaning Left4Leaning Right2Center2Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
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