Canada

Whether an upcoming review of the U.S.-Mexico-Canada Agreement will lead to further economic integration or to the U.S. going “its own way” remains to be seen, former Canadian trade negotiator Steve Verheul said this week. Verheul, speaking about the review and its implications for digital trade and services during the Coalition of Services Industries 2025 Global Services Summit on June 10, was Canada’s top negotiator during the talks that led to USMCA. He now is a principal at GT and...

Canada will take “all the time necessary, but no more than that” to reach an agreement with the U.S. on tariffs that are roiling its economy, Canadian Prime Minister Mark Carney said on Friday, unveiling legislation crafted to bolster Canada’s economy by removing internal trade barriers and speeding up domestic infrastructure and resource projects. Carney spoke about U.S. trade talks and the legislation during a June 6 briefing . “[W]e're working alongside this to get the illegal and unjustified tariffs...

Mexico next week will announce potential measures to defend its interests from recently hiked U.S. national security duties on steel and aluminum unless it strikes a deal with Washington, Mexican President Claudia Sheinbaum said on Wednesday. Sheinbaum spoke during a press conference about a recent U.S. move to double tariffs on steel and aluminum imposed under Section 232 of the Trade Expansion Act of 1962. Calling the measures “unfair” and without “legal basis,” she said the country would announce countermeasures...

U.S. trading partners on Thursday reacted tentatively to a U.S. Court of International Trade decision – now stayed – to overturn many of President Trump’s tariffs, as officials, stakeholders and analysts suggested that litigation may not soon resolve questions about where Trump’s trade policy is headed. The CIT late Wednesday ruled that Trump overstepped his authority when he used the International Emergency Economic Powers Act to impose tariffs on nearly all U.S. trading partners. The administration, arguing that the ruling...

Tariffs on semiconductors would deter foreign investment, hinder onshoring efforts and ultimately weaken U.S. national security, foreign governments and companies based abroad told the Commerce Department this month. Commerce in April launched an investigation into the national security implications of semiconductor imports under Section 232 of the Trade Expansion Act of 1962. Stakeholder comments were due on May 8; Commerce published the responses it received this week. President Trump has repeatedly called for tariffs on semiconductors, claiming such a move...

The U.S. International Trade Commission has launched a factfinding investigation into the global nonfat milk solids market following a request by U.S. Trade Representative Jamieson Greer that highlights Canada’s obligations under the U.S.-Mexico-Canada Agreement. The study, requested by USTR under Section 332 of the Tariff Act of 1930, will examine the global market for nonfat milk solids – used to make products like skim milk powder, milk protein concentrates and infant formula – and the “export competitiveness” of nonfat milk...

Canadian Prime Minister Mark Carney on Tuesday touted a “constructive” first in-person meeting with President Trump, saying Ottawa made a strong case for why the U.S. should remove fentanyl-related tariffs and that the leaders established a good foundation for continued discussions on “redefining” their relationship. “I conveyed to the president today what our countries have long proven to be true, that Canada and the United States are stronger when we work together,” Carney said in a briefing at the Canadian...