U.S. President Donald Trump says a trade deal has been reached with Canada – subject to finalization.
Trump had threatened to impose 50 per cent tariffs on a wide range of Canadian goods starting at midnight last night, but extended the deadline at the last minute.
He told reporters outside the White House today that a “very good conversation” was had with Prime Minister Mark Carney last night and what he calls a “very fair deal” has been reached.
“Tariffs will be non-existent for our farmers. Our farmers were paying tremendous tariffs into Canada and those tariffs are going to be totally eviscerated. Down to zero.”
He says the U.S. is reducing the tariffs on Canadian goods, but would not offer further detail.
He acknowledged the three-day pause on the imposition of threatened 50 per cent tariffs on Canadian goods, “subject to finalization of documents” and calls the deal reached “very good” for both parties.
Canada-US Trade Representatives Address Media
Minister of Trade Dominic LeBlanc and US Trade Representative Jamieson Greer (via CPAC)
U.S. Trade representative Jamieson Greer and Canada-U.S. Trade Minister Dominic LeBlanc spoke with reporters in Washington today.
Greer says he’s “very happy” where the two countries have ended up.
He says they are confident that they’ve reached an agreement that will protect American workers, American jobs and American supply chains while strengthening the North American economy.
Minister LeBlanc says Prime Minster Carney wanted to ensure that supply management was protected.
“We needed to ensure that the supply management regime remained entirely intact, and I’m confident that that’s the case.”
