Carney meeting Canada’s premiers as CUSMA review looms
Global News
The U.S. currently has multiple rounds of tariffs on key sectors of the Canadian economy, including steel, aluminum, autos and lumber.
Prime Minister Mark Carney is meeting Canada’s premiers in Ottawa on Thursday as the renewal of the Canada-U.S.-Mexico Free Trade Agreement (CUSMA) approaches and the trade war stretches on.
Ontario Premier Doug Ford and New Brunswick Premier Susan Holt spoke to reporters in Ottawa Wednesday as part of the Council of the Federation, calling for a “Team Canada” approach between the premiers and the prime minister heading into the upcoming trade negotiations.
Holt said she agreed with Carney that Canada’s relationship with the U.S. had fundamentally changed.
“I do agree with Prime Minister Carney that nothing is the same anymore with our relationship with the U.S., with what’s happening in the United States right now. We don’t recognize our longtime friends and trading partners,” she said.
The U.S. currently has multiple rounds of tariffs on key sectors of the Canadian economy, including steel, aluminum, autos and lumber.
Last week, U.S. President Donald Trump threatened a 100 per cent tariff against “all Canadian goods and products coming into the U.S.A.” after Canada announced a trade agreement over canola and electric vehicles with China.
This prompted Canada-U.S. Trade Minister Dominic LeBlanc to clarify that there was “no pursuit of a free trade deal with China.”
Despite the “Team Canada” rhetoric, provinces will have several issues to iron out. Among them is Ontario’s removal of Crown Royal whisky, bottled in Manitoba, from the shelves on their liquor stores.
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The U.S. currently has multiple rounds of tariffs on key sectors of the Canadian economy, including steel, aluminum, autos and lumber.
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Exceptions under the trade deal, known as USMCA in the U.S. and CUSMA in Canada, protect Canada from the heaviest impacts of U.S. President Donald Trump's tariffs.
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