Canada

Carney: Canada will work toward Trump’s ‘revised deadline' for trade talks

Ottawa will continue to engage with the U.S. in ongoing talks on a new trade arrangement, Canadian Prime Minister Mark Carney said after President Trump announced plans to impose higher tariffs on Canadian goods beginning Aug. 1. Carney issued a statement about the talks on social media hours after Trump late Thursday posted a letter to the prime minister announcing plans to impose 35 percent tariffs next month. “Throughout the current trade negotiations with the United States, the Canadian government...

Trump announces 35 percent tariffs on Canada starting Aug. 1

The U.S. will impose 35 percent tariffs on Canadian goods on Aug. 1, President Trump announced on Thursday evening, promising to unveil additional tariffs soon on the European Union and other partners. Trump announced the new tariff on Canada in a letter to Canadian Prime Minister Mark Carney posted on the president's social media site. He has sent similar letters with country-specific tariff rates to other trading partners in recent days. In an interview Thursday evening with NBC News, the...

U.S., Mexico, Canada tout progress in five-year USMCA environment review

The U.S., Mexico and Canada touted progress on implementing environmental commitments made under their renegotiated trade deal during a trilateral review concluded last month, according to a joint statement posted by the Office of the U.S. Trade Representative. A “ Joint Statement of the Environment Committee of the United States-Mexico-Canada Agreement on the Five-Year Review on the Implementation and Operation of the Environment Chapter,” dated June 30, was issued on USTR’s website in recent weeks without any accompanying comment by...

Canada to revoke digital tax, says Trump has agreed to restart trade talks

Canada will not begin collecting a digital services tax on Monday in hopes of striking a trade deal with the U.S., Ottawa said on Sunday night, saying President Trump had agreed to restart negotiations he declared dead on Friday. The U.S. has long fought digital services taxes, claiming they are discriminatory against U.S. companies. Trump on Friday said he would impose new tariffs on goods from Canada within seven days because of Ottawa’s imminent tax. According to a statement from...

Bessent: USTR likely to launch Section 301 probe into Canada’s digital services tax

The Office of the U.S. Trade Representative will likely launch an investigation under Section 301 of the Trade Act of 1974 into Canada’s digital services taxes, which Ottawa is set to begin collecting next week, Treasury Secretary Scott Bessent said Friday. President Trump earlier on Friday cited Canada’s tax as the reason he declared trade talks with Ottawa would immediately cease. “This was something from the Trudeau years,” Bessent told CNBC . “So we were hoping that as a sign...

Trump to halt trade talks with Canada over digital services tax, set tariffs

The U.S. will halt all trade negotiations with Canada because Ottawa is moving forward with a digital services tax, President Trump said on Friday, promising new tariffs on Canadian goods within a week. Canada, which has long planned to impose a digital services tax, passed legislation to set one up earlier this year. Canadian authorities will begin collecting the tax, which is retroactive to January 2022, on June 30. “We have just been informed that Canada, a very difficult Country...

Carney: Ottawa will ‘adjust’ steel, aluminum countermeasures in a month

Canada next month will revise its countermeasures on U.S. steel and aluminum tariffs imposed by President Trump to levels “consistent” with progress made in trade talks with Washington, Canadian Prime Minister Mark Carney announced on Thursday, along with new measures to protect his country's market from secondary effects of the U.S. duties. Carney, in a press conference on Thursday, stressed that Ottawa planned to continue negotiations with the U.S. in hopes of reaching a deal. He and Trump spoke earlier...

Carney: U.S., Canada agree to push for trade deal within 30 days

President Trump and Canadian Prime Minister Mark Carney have agreed to try to reach a deal on trade issues in the next 30 days, the prime minister’s office said Monday after the two leaders met on the sidelines of the G7 leaders’ summit in Kananaskis, Alberta. “Prime Minister Carney and President Trump discussed immediate trade pressures and priorities for each country’s workers and businesses, and shared updates on key issues raised in negotiations on a new economic and security relationship...

Analysts: Tariffs could undermine USMCA countries’ coordination against China

The upcoming U.S-Mexico-Canada Agreement review offers an opportunity for the three member countries to solidify measures designed to counter Chinese market dominance in several industries, but new U.S tariffs on the other signatories could drive them away from the U.S. instead, analysts and former officials say. “We genuinely have a question now about whether Canadian and Mexican cooperation is being sought by the Americans in its attempts to contain China and or compete with China,” Meredith Lilly, a professor of...

Trump says deal with Canada possible, but tariffs should be kept

On the sidelines of the G7 leaders’ summit on Monday, President Trump said the U.S. and Canada could soon reach a trade deal but suggested his tariff-focused approach and Canada’s “more complex idea” had to be reconciled first. “I think we have different concepts,” Trump told reporters ahead of a meeting with Canadian Prime Minister Mark Carney in Kananaskis, Alberta, where the summit is being held over two days. “Mark has a more complex idea, but also very good. So,...

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