Canadian Prime Minister Mark Carney and US President Donald Trump have signalled progress towards a potential trade agreement, with both leaders describing recent discussions as constructive and saying negotiators will work towards a deal in the coming weeks.
US President Trump has said the US and Canada have a concept for a new trade deal, while Mark Carney called their latest trade discussion positive.
Carney said talks had built on outlines of a mutually beneficial deal to create jobs, improve affordability and respect Canada’s sovereignty.
Both countries have imposed billions of dollars in tariffs, with teams set to work in the coming weeks.
Carney said on Sunday that he had a “good conversation” with Trump about the future of bilateral trade, building on recent discussions on the outlines of a mutually beneficial agreement.
He said the proposed deal would create jobs, improve affordability for families and respect Canada’s languages, culture and sovereignty.
“Our teams will now be working in the coming weeks to deliver that outcome,” Carney said in a post on X.
Trump later told reporters in Dubuque, Iowa, that the two countries had “the concept of a very good deal” and were “very close” to an agreement.
He said it would benefit US farmers and the wider US economy while being acceptable to Canada, according to media reports.
The latest positive signals mark a shift after months of tariff tensions and stalled negotiations.
In August, Canada withdrew from negotiations after rejecting US demands that, according to Carney, threatened Canadian sovereignty, French-language protections and the country’s auto industry.
Trump subsequently imposed 50 per cent tariffs on roughly $20 billion of Canadian goods, prompting retaliatory measures from Ottawa.
Fibre2Fashion News Desk (CG)
