Trade discussions resume between Canada and the U.S., sparking optimism
Recent communication between U.S. President Donald Trump and Prime Minister Mark Carney regarding trade between Canada and the United States is being viewed as a positive development. Dennis Darby, CEO and president of the Canadian Manufacturers & Exporters, described the renewed discussions as “good news,” particularly for Canadian manufacturers who have been impacted by tariffs.
Darby noted that trade talks abruptly ended in August and expressed hope that the resumption of dialog will alleviate the burden of tariffs on Canadian businesses. He made these comments in an interview with CTV News Channel on Monday.
Carney shared on Sunday via X that he had a “good conversation” with Trump on Saturday concerning a potential trade agreement. Trump, speaking to reporters on Sunday, indicated that the two countries are “very close” to reaching a deal and that he envisions a “very good deal” with Canada.
According to sources speaking with CTV News, U.S. Commerce Secretary Howard Lutnick is advocating for both nations to re-engage in trade negotiations, specifically addressing tariffs on steel, aluminum, lumber, and automobiles.
Trade-related issues and the cost of living are significant concerns in key U.S. Senate races ahead of Tuesday’s midterm elections, intensifying pressure on Trump.
Darby emphasized the detrimental effects of the tariffs imposed following the August breakdown, stating they have been “really devastating” for small- and medium-sized Canadian businesses. He explained that these tariffs have led to a decline in Canadian exports, impacting workers and businesses in both countries.
“They disrupt supply chains, and we’re seeing it in both Canada and the U.S.,” Darby added, highlighting the inflationary nature of the tariffs.
Source
“Progress on trade talks is ‘encouraging,’ says Canadian industry group”
Read the original report ↗This story is an AI-assisted version of the original report, checked and edited by the Plainwire desk before publication. Read our editorial policy · Report an error
Read next
U.S. Trade Secretary revives Canada-U.S. Trade discussions
Following a breakdown in negotiations last August, U.S. Commerce Secretary Howard Lutnick is reportedly spearheading renewed efforts to reach a…
Related
Caught up in five lines
The Brief: the day’s biggest stories, written by our desk at and .