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Mark Carney Is Set to Fold on Trade. What’s Next?

Canadian negotiators are in Washington as pressure builds for a deal before new U.S. tariffs take effect, officials said.

  • As the August 19 deadline for new U.S. tariffs approaches, Prime Minister Mark Carney's negotiation team is in Washington for "intensified" talks seeking resolution with President Donald Trump.
  • President Trump previously imposed tariffs ranging from 200 per cent to nearly 300 per cent, straining bilateral relations while Canada continues purchasing $1.3 billion in American dairy products.
  • Corporate Canada's market capitalization has soared 41 per cent to $4.5 trillion, demonstrating economic resilience, while 62 per cent of Canadians support retaliatory tariffs.
  • Amid domestic backlash, Carney faces criticism over employing far-right rhetoric like "Taking back control" and controversial Lawful Access legislation that critics argue undermines privacy rights.
  • Beyond trade, the government faces backlash for reducing the Pathways Project's carbon capture commitment from 22 million tonnes to six million per year using "Henry VIII powers.
Insights by Ground AI

11 Articles

Center

The Battle of Carney

Despite the belligerent slogans, the Prime Minister seeks to save the furniture against Donald Trump.

·Montreal, Canada
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Xtra Magazine broke the news on Thursday, August 13, 2026.
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