Canada’s trade talks with the United States remain “constructive” as Prime Minister Mark Carney insists the country’s stance toward Washington is already “quite firm,” despite looming threats of new 50% tariffs, according to multiple reports. The Aug. 19 deadline for potential U.S. tariffs looms, with President Donald Trump threatening to impose them on Canadian goods, sources say. Carney ruled out cutting oil exports as a retaliatory measure during a press conference with Alberta Premier Danielle Smith, emphasizing Canada’s commitment to maintaining a balanced approach.
Carney’s comments come as trade between Canada and the U.S. has declined by nearly $2 billion since early 2024, according to Ottawa-based data. The drop reflects ongoing tensions and the impact of trade policies. While Carney has not ruled out all forms of retaliation, he has stressed the importance of dialogue and maintaining a constructive tone.
The federal government continues to navigate complex negotiations, balancing economic interests with diplomatic relations. With the U.S. threatening new tariffs, Canada’s position remains firm but measured, as officials seek to avoid further disruption to bilateral trade.
Sources: [castanet.net], [winnipegfreepress.com], [ca.news.yahoo.com], [nationalpost.com]
