Inside Trade

October 8, 2025

Canada

LeBlanc: U.S., Canada eye deal targeting steel and aluminum tariffs, energy

President Trump and Canadian Prime Minister Mark Carney directed their teams to move forward on what would be a relatively narrow trade deal focused on resolving U.S. steel and aluminum tariffs as well as concerns around energy during closed-door talks at the White House on Tuesday, according to Dominic LeBlanc, Canada’s lead minister for trade talks with the U.S. Speaking to reporters after the Oct. 7 meetings , LeBlanc said the talks “concluded with the president and the prime minister...

Carney headed to Washington to discuss USMCA review with Trump

Canadian Prime Minister Mark Carney will travel to Washington, DC, next week to discuss the upcoming review of the U.S.-Mexico-Canada Agreement as well as other economic and security issues, his office announced on Friday. “Canada and the U.S. each launched consultations last month that will inform preparations for the first joint review of CUSMA,” the announcement states . “The Prime Minister’s working visit will focus on shared priorities in a new economic and security relationship between Canada and the U.S.”...

Greer: USMCA review talks will lean more bilateral than trilateral

The U.S. expects coming negotiations about the future of the U.S.-Mexico-Canada Agreement to be conducted on a more bilateral basis as Washington seeks to address trade frictions with each partner, U.S. Trade Representative Jamieson Greer said on Tuesday. USTR earlier this month began seeking public input to inform the 2026 USMCA review, which is expected to lead to changes. If the parties agree next year to extend the deal, they can do so for another 16 years; If not, they...

Rethink Trade calls for independent body to steer RRM investigations

U.S.-Mexico-Canada Agreement partners should create an independent body to handle rapid-response mechanism investigations for all three countries, according to a new report from Rethink Trade that recommends “systemic” reforms ahead of the first USMCA review next year. Rethink Trade, led by the American Economic Liberties Project, an anti-monopoly advocacy group, on Thursday published its analysis of how the U.S. and Mexico have used the RRM to date and how USMCA partners might improve the mechanism during next year’s review. The...

Sens. McCormick, Cortez Masto: Mexico and Canada should adopt CFIUS-like tools

The U.S. Trade Representative should push Canada and Mexico to establish foreign investment screening mechanisms aimed at detecting threatening investments from China, Sens. David McCormick (R-PA) and Catherine Cortez Masto (D-NV) say, eyeing the 2026 review of the U.S.-Mexico-Canada Agreement in a bill introduced on Friday. USTR this week kicked off its public consultation process for the first USMCA review, which is set for next summer. Canada and Mexico are similarly preparing for the mandatory assessment. If the countries do...

House GOP extends blockade on tariff votes; Democrats renew push to stem Trump’s powers

House Republicans on Tuesday narrowly adopted a rule that will allow them to avoid votes on resolutions repealing President Trump’s “emergency” tariffs on several U.S. trading partners through March 2026, just as Democrats are ramping up the use of such measures in both chambers of Congress. The House on Sept. 16 voted 213-211 to adopt H. Res 707 , a rules package that largely sets parameters for floor debates on several criminal-justice bills. It also changes procedures for the chamber...

USTR kicks off public consultation on 2026 USMCA review

The Office of the U.S. Trade Representative is formally seeking public comment that will inform the Trump administration’s statutorily mandated review of the U.S.-Mexico-Canada Agreement next year, with written input due to arrive the first week of November ahead of a public hearing in Washington, DC, later that month. A Federal Register notice establishing that timeline is slated for publication on Sept. 17, according to a preliminary version posted Tuesday morning. USMCA requires that the three governments conduct their first...

U.S. lumber industry calls for urgent, ‘substantial’ Section 232 relief

The U.S. lumber industry is asking the Trump administration for significant trade relief “now” on lumber imports, though the status of a national security probe into those imports remains unclear. The U.S. Lumber Coalition, an alliance of softwood lumber producers, their employees and woodland owners, called for urgent trade relief under a pending Section 232 (of the Trade Expansion Act of 1962) investigation in a Sept. 9 letter to Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, made...

U.S., Mexico, Canada eye USMCA review as bilateral talks continue

Officials in the U.S., Mexico and Canada are beginning to gear up for a statutory review of the U.S.-Mexico-Canada Agreement while bilateral trade talks involving U.S. tariffs continue, as key U.S. lawmakers on Wednesday met with Mexico’s trade minister and top Canadian officials gathered to start planning for the review. USMCA, due for review by July 1, 2026, was on the agenda for a meeting between House Ways & Means Committee members and Mexican Economy Minister Marcelo Ebrard, according to...

USW Canada criticizes Carney for pullback on retaliatory tariffs amid Section 232 probes

The Canadian branch of the United Steelworkers union on Tuesday blasted Canadian Prime Minister Mark Carney for removing retaliatory duties on U.S. goods traded under the U.S.-Mexico-Canada Agreement, contending that the U.S. is “diluting” the pact by expanding its use of Section 232 investigations. The Trump administration earlier this month increased tariffs on Canadian goods from 25 percent to 35 percent, though it maintained a carveout for goods traded under USMCA. Carney last week announced that Canada on Sept. 1...

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