Carney says Canada, US making progress towards trade deal
AgenciesCanadian Prime Minister Mark Carney said Saturday that he had a lengthy conversation with US President Donald Trump and senior administration officials before leaving for E...
Canadian Prime Minister Mark Carney informed reporters on Saturday that he had recently discussed the possibility of a trade deal with US President Donald Trump and his administration. This conversation took place prior to Carney's departure for Europe and Asia. The trade talks between Canada and the United States had been suspended in August due to US demands that Canada consider certain terms unacceptable.
However, Canada has since concluded free-trade negotiations with the Association of Southeast Asian Nations (ASEAN) and with the Philippines. Both agreements aim to reduce Canada's reliance on the United States amid the Trump administration's trade war. Carney emphasized that Canada would not accept a deal that negatively impacts its automobile industry, which has suffered due to the US tariffs.
The Canadian government estimates that the ASEAN deal could generate nearly 2 billion Canadian dollars (US$1.4 billion) and create around 14,000 jobs.
Written by urgent.news from Qatar Tribune Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
