Canada–U.S. trade: Carney says talks will continue

Mark Carney said on November 1 that Canadian and U.S. teams would work toward a trade agreement in the coming weeks. The Canadian Press reports that he wants a deal respecting Canada’s languages, culture and sovereignty. [7]

An agreement still to negotiate

Donald Trump also described the outlines of a possible deal on November 1, according to The Canadian Press. His remarks do not announce a completed agreement. [9]

Statements and measures are separate

AP reports that the talks include steel and automobiles, with no details announced about a potential agreement. The prospects described by the leaders remain distinct from tariff measures already adopted. [8]

Kevin Hassett said on October 25 that Canada–U.S. talks were nearing an agreement, Bloomberg reports from his Fox News interview. The White House economic adviser described contacts between Howard Lutnick and his Canadian counterparts. His remarks do not announce a completed deal. [3]

Donald Trump signed a proclamation on October 23 removing some Canadian products from the additional 50% tariff and adding others. The changes took effect October 30 at 12:01 a.m. Eastern time. [1]

Relief alongside new additions

Reuters lists plywood, certain paper products and equipment among the exemptions. Carpets, paints and canoes are among the additions: this is not a general removal of tariffs. [2]

The responses

Republican Senator Susan Collins welcomes support for Maine producers. Democratic challenger Troy Jackson criticizes a policy that increased costs. Reuters reports that Dominic LeBlanc says Ottawa is assessing the changes. [2]

The exemption’s scope

Other duties, including those under Section 232, may still apply to products exempted from this additional tariff. [1]