Canada-U.S. trade talks intensifying but wide gap remains, sources say
With the U.S.-Canada trade war dominating the final days of the U.S. midterm campaign, trade discussions between the two countries have intensified. But sources tell CBC News and Radio-Canada that doesn't mean a deal is imminent.
As Canada-U.S. trade talks gain momentum, sources reveal the negotiations are progressing swiftly at the political level, ahead of the midterms on Nov. 3, according to multiple sources with direct knowledge of the discussions. However, the sources caution that a deal may not materialize before the American midterm elections, citing Trump's history of reneging on agreements.
The most recent talks have remained at the political level, with Canada-U.S. Trade Minister Dominic Leblanc leading the Canadian delegation. A formal round of negotiations between trade representatives has yet to take place, as per comments from Canada's lead negotiator Janice Charette last week. Sources suggest this could be the final window for Canada to secure a deal with Trump's administration before the midterms.
U.S. President Donald Trump is said to be open to easing tariffs on Canadian steel and autos, in exchange for Canada's willingness to sign an agreement that benefits both nations. Prime Minister Mark Carney expressed confidence in the possibility of a deal, but reiterated that they would not sign a deal that does not align with Canada's red lines.
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