Prime Minister Mark Carney expressed concerns regarding U.S. President Donald Trump's commitment to tariffs, stating that any trade deal with the U.S. may still include some levies on exports. He noted a lack of evidence that the U.S. is willing to negotiate without tariffs. Carney referenced Trump's trade deal with the U.K. that includes a 10 percent baseline tariff. Although Canada enjoys nearly free trade with the U.S., challenges remain due to universal U.S. sectoral tariffs on specific products. Carney emphasized the need for stability regarding trade relations with the U.S.
Prime Minister Mark Carney stated that U.S. President Donald Trump appears committed to tariffs, suggesting any trade deal may still involve accepting some levies on exports.
Carney mentioned that there's currently limited evidence indicating that the U.S. is willing to negotiate a deal without including some form of tariffs.
Mark Carney noted that the trade arrangement Trump has with the U.K. already includes a 10 percent baseline tariff, underscoring the trend toward tariffs in trade agreements.
Carney confirmed that Canada aims to continue almost free trade with the U.S., referencing tariff exemptions under the Canada-U.S.-Mexico Agreement (CUSMA).
He highlighted challenges due to U.S. sectoral tariffs universally applied to steel, aluminum, and auto exports, and potential tariffs on pharmaceuticals and lumber.
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