Carney and Trump to satisfy – Canada hopeful that for a deal that might decrease tariffs

A senior Canadian official mentioned U.S. President Donald Trump and Canadian Prime Minister Mark Carney are anticipated to talk within the coming days following Washington’s choice to impose a 35% tariff on Canadian items not lined below the USMCA commerce pact.

Dominic LeBlanc, Canada’s cupboard minister liable for U.S. commerce relations, informed CBS’s Face the Nation that whereas progress has been made in discussions with U.S. officers — Commerce Secretary Howard Lutnick and Commerce Consultant Jamieson Greer — a last settlement to ease tariffs has but to be reached.

LeBlanc mentioned he remained hopeful deal may nonetheless be struck that might decrease tariffs and supply extra funding certainty.

The brand new U.S. tariffs have been partly justified by accusations that Canada has didn’t cease fentanyl smuggling. Canadian officers, nonetheless, argue that Canada is liable for solely about 1% of U.S. fentanyl imports and is actively working to cut back that additional.

The transfer marks the most recent escalation in a months-long commerce dispute reignited after Trump returned to workplace earlier this 12 months.

This text was written by Aaron Cutchburt at investinglive.com.