Trump says Iran war "close to over" amid hopes for more negotiations
Investing.com -- Canadian Prime Minister Mark Carney stated that Canada is unlikely to reach a near-term agreement with the United States to reduce tariffs on sectors like steel and aluminum, with negotiations expected to be incorporated into the upcoming review of the US-Mexico-Canada Agreement (USMCA) next year.
Speaking in Ottawa on Thursday, Carney explained that while Canada and the US were previously making progress toward a metals tariff agreement, President Donald Trump halted discussions in October. The termination came in response to television advertisements run in the US by Ontario province that featured President Ronald Reagan speaking against tariffs.
"My judgment is that that is now going to roll into the broader CUSMA negotiation, so we’re unlikely, given the time horizons coming together, to have a sectoral agreement," Carney said, using the Canadian term for the trade pact.
The Prime Minister noted that while Canada still considers the previously discussed terms to be on the table, the US "has not picked up" the negotiation.
Carney revealed that he, Trump, and Mexican President Claudia Sheinbaum established broad parameters for the USMCA review during a meeting at the FIFA World Cup draw event in Washington on December 5.
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