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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.
- This month, Mark Carney briefed Premier Doug Ford on U.S.-Canada trade talks, saying Canada and the United States will have bilateral trade deals alongside USMCA, with metals and energy deals possible.
- Signs of U.S. economic strain are sharpening, boosting Canada’s leverage as the U.S. economy shows flat job creation and rising inflation, while the OECD projects 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 and to mitigate punitive U.S. tariffs on steel, aluminum, automotive and lumber exports.
- A pragmatic deal would ease export pressure for Canada while cutting input costs for U.S. user industries, and short-term accommodation on tariffs would leave Canada relatively advantaged.
- The potential shift to bilateral deals changes the modalities of North American trade talks, as U.S. officials suggested bilateral agreements might replace the trilateral pact, while OECD forecasts and a fragile U.S. administration could boost Canada’s leverage into the midterm Congressional elections in November.
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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.
·Canada
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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 Sources8
Leaning Left4Leaning Right1Center2Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 29%
14%
Factuality
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