Trump says US close to Canada trade deal; Carney says work remains

· Trade · United States · Canada

US President Donald Trump said the US is close to a trade deal with Canada, while Canadian Prime Minister Mark Carney said work remains to be done. The two countries have slapped billions of dollars in tariffs on each other in recent months, straining one of the world's largest bilateral trading relationships. Neither side disclosed the terms under discussion. A deal would ease pressure on cross-border supply chains in autos, energy and agriculture, but Carney's caution suggests gaps persist on the scope of tariff relief and the conditions attached.

Why it matters：A US-Canada deal would remove a major source of friction in North American supply chains and signal whether Washington's tariff campaign is shifting from escalation to negotiation.

Key points

  • Trump said a deal is close; Carney said more work is needed.
  • The two sides have imposed billions of dollars in tariffs on each other.
  • No terms of a potential agreement have been disclosed.

Sources (original reporting)

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