Carney says a U.S. trade deal without some tariffs is unlikely
CANADA, JUL 15 – President Trump raised the proposed tariff on Canadian goods to 35 percent and set an August 1 deadline amid stalled trade talks and concerns over border drug smuggling.
- Ahead of the August 1 deadline for the proposed 35% U.S. tariffs, Canada’s prime minister indicated that a trade agreement without any tariffs is unlikely.
- The trade dispute began after Trump took office in January, leading to months of U.S. tariffs on Canadian goods and retaliatory Canadian countermeasures.
- Carney emphasized the changed global commercial landscape caused by Trump and stressed building a strong Canadian economy including steel, auto, aluminum, and copper sectors.
- New Angus Reid data show 63% of Canadians want a hard line in negotiations, while 84% doubt Trump will negotiate in good faith on tariffs.
- Prime Minister Carney indicated that discussions on trade are expected to become more intense as the August 1 deadline approaches, while acknowledging that any agreement will probably involve some tariffs due to ongoing uncertainties.
63 Articles
63 Articles
Mark Carney has been dubbed the 'Trump whisperer': His ability to shift the dynamic from confrontational to collaborative is a lesson for all leaders
In 2020, when the UK was deeply divided over Brexit, David Pullan, a leadership consultant based in London, took some solace in a reassuring voice that he often heard on BBC radio explaining the financial repercussions of the situation with ease. “This man is good,” Pullan remembers thinking. The voice belonged to Mark Carney, the then-governor of the Bank of England, who is now the prime minister of Canada, and navigating another crisis: A trad…

Carney heads to Hamilton to meet steelworkers as U.S. trade talks continue
OTTAWA — Prime Minister Mark Carney is scheduled to be in Hamilton today to make an announcement related to the steel industry. It has been more than a month since U.S.
Prime Minister Mark Carney said he hopes that trade negotiations with the United States 'will intensify'.
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