Prime Minister Mark Carney announced on Wednesday that negotiations are underway between Canadian and American officials to finalize a deal on tariffs following his recent meeting with the U.S. president. Carney assured that Canada is positioned to benefit from the agreement once both sides reach a consensus.
During a question period session, Carney emphasized that Canada currently enjoys favorable trade terms with the U.S., with most products being exempt from tariffs despite previous trade actions by Trump. He expressed confidence in securing an improved deal through ongoing negotiations in key sectors.
While the initial focus is on resolving issues related to steel, aluminum, and energy, Carney highlighted efforts to address automotive and forestry tariffs. Emphasizing the importance of securing the best deal for softwood lumber, Carney acknowledged the ongoing discussions and detailed negotiations taking place between the two countries.
Following his discussions with Trump and engaging in detailed talks on sector-specific tariffs during a summit on Canada-U.S. relations, Carney underscored the need for bilateral agreements alongside the Canada-U.S.-Mexico Agreement. He highlighted a shift towards more focused negotiations and emphasized the changing dynamics of trade relationships with the U.S.
Carney emphasized the need for Canada to strengthen its position independently, citing initiatives like the “Buy Canadian” and “travel local” campaigns as positive indicators of national resolve. While facing criticism from Conservative Leader Pierre Poilievre regarding potential investments in the U.S., Carney defended the private sector’s role in decision-making and reiterated the importance of securing beneficial agreements.
The discussions also touched upon potential investments by Canadian pension plans in the U.S., with Carney highlighting the significant financial contributions and the potential for increased investments pending successful negotiations. The possibility of reviving projects like the Keystone XL pipeline was also discussed as a means to address mutual interests and foster improved relations between the two countries.
Carney’s approach was praised by Alberta Premier Danielle Smith, who highlighted the importance of establishing a positive rapport with Trump to address trade challenges effectively. Smith emphasized the value of building a constructive relationship with the U.S. president to facilitate mutually beneficial outcomes.
In response to concerns raised by Ontario Premier Doug Ford regarding escalating tariffs, Carney’s strategy to navigate trade negotiations was commended, emphasizing the need for a firm yet strategic approach in dealing with trade disputes.
Overall, the discussions between Canadian and American officials reflect a proactive approach to resolving trade tensions and fostering constructive relationships for mutual economic benefit.
