.jpg)
3 hours ago
3
Article content
(Bloomberg) — Prime Minister Mark Carney and US President Donald Trump are expected to talk “over the next number of days,” a Canadian official said, after the two governments failed to reach a deal before an Aug. 1 tariff deadline.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
“We think there is an option of striking a deal that will bring down some of these tariffs and provide greater certainty to investment,” Dominic LeBlanc, Canada’s minister in charge of US trade, said on CBS’s Face the Nation on Sunday. LeBlanc also said he plans to speak with US Commerce Secretary Howard Lutnick.
Article content
Article content
Article content
The Trump administration on Friday raised the tariff rate on some Canadian imports to 35% from 25% imposed in early March, while maintaining an exemption for goods traded under the rules of the US-Mexico-Canada trade agreement.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The effective US tariff rate on Canadian products is estimated to rise slightly to between 6% and 7%, from about 5%.
Article content
Carney and his government have described the talks with the US as difficult.
Article content
LeBlanc on Sunday said talks have been “informative, constructive and cordial,” and reiterated mutual benefits for both economies from reaching a deal.
Article content
“What we’ve said to our American counterparts is how can we structure the right agreement where we can both continue to supply one another in a reliable, cost-effective way that preserves jobs essential to the American economy and in Canada as well,” he said.
Article content
The minister touted his government’s One Canadian Economy Act as a Canadian version of Trump’s One Big Beautiful Bill, the tax-cut and spending plan the president signed in July.
Article content
Leblanc said the Canadian law seeks to ramp up investment in ports, pipelines and mines, “all of which offer huge opportunities to American business.”
Article content
English (US)