Carney in no hurry on US trade deal as tariffs hit Canadian mill
· Trade · Canada · United States
Canadian Prime Minister Mark Carney said he won't rush a trade agreement with the US if the terms aren't in Canada's best interests, and suggested he expects his country will still be in President Donald Trump's crosshairs after the US midterm elections. Meanwhile, a century-old paper mill in Témiscaming, Quebec, has been indefinitely closed after the US imposed 50% tariffs on its products, putting hundreds out of work. The mill's closure illustrates how tariff disputes are translating into job losses in Canadian communities.
Why it matters:The standoff shows how tariffs are reshaping North American supply chains and local economies, with the risk of more closures as trade talks stall.
Key points
- Carney said he won't rush a deal that isn't in Canada's interest.
- The Témiscaming paper mill closed indefinitely after 50% US tariffs.
- Hundreds of workers have lost their jobs.
Sources (original reporting)
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