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Bloomberg Quint
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Carney Says Canada And US Aiming For Trade Deal Within 30 Days
- Canada and the US are aiming for a trade deal within 30 days, according to Prime Minister Mark Carney.
- Despite policy differences, President Donald Trump stated that a trade deal was achievable in the coming weeks.
- The leaders discussed tariffs, with Trump preferring a simple approach while Carney proposed limitations on levies for Canadian industries like steel and aluminum.
- Trump and Carney had a positive meeting discussing critical minerals, border security, and defense cooperation.
- If no agreement is reached, Carney threatens retaliation, having avoided escalating counter-tariffs on US goods previously.
- Trump also discussed potentially including China in economic talks and expressed regret over Russia's exclusion from the G-7.
- The ongoing talks involve trade rules for steel and aluminum, with potential ramifications for significant Canadian exports.
- In recent negotiations, Trump suggested imposing tariffs if suitable deals are not reached with trading partners.
- An agreement was reached between Trump and UK Prime Minister Starmer to lower US tariffs and increase UK quotas on select agricultural products.
- Carney's office stated that talks with the US are expected to accelerate despite the challenges faced by world leaders regarding tariffs and global conflicts.
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