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Carney says a U.S. trade deal without some tariffs is unlikely

CANADA, JUL 15 – Prime Minister Mark Carney said trade talks with the US will intensify before the Aug. 1 deadline but some tariffs on Canadian goods are likely to remain, impacting key sectors.

  • Last week, President Trump extended the tariff deadline to August 1, publishing the letter on Truth Social and expressing disappointment with the negotiation pace.
  • Under their initial timeline last month, Carney and Trump agreed to finalize a trade and security pact by July 21, but President Trump unilaterally pushed back the timeline to press Canada for concessions.
  • The 35% rate jumps from 25% with key exemptions, while the administration slapped 50% duties on steel and aluminum and set a 50% tariff on copper next month.
  • Following the US tariff threat, Canada imposed its own countermeasures, and Prime Minister Mark Carney said trade talks will intensify ahead of August 1.
  • Given this exposure, about three-quarters of Canadian exports go to the US, making tariffs especially damaging to key industries, and Canada will need to pivot trade relationships elsewhere.
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66 Articles

Coast ReporterCoast Reporter
+6 Reposted by 6 other sources
Lean Left

Carney heads to Hamilton to meet steelworkers as U.S. trade talks continue

OTTAWA — Prime Minister Mark Carney is scheduled to be in Hamilton today to make an announcement related to the steel industry. It has been more than a month since U.S.

·Sechelt, Canada
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Lean Right

Prime Minister Mark Carney said he hopes that trade negotiations with the United States 'will intensify'.

·Mexico
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presidentialprayerteam.org broke the news in on Tuesday, July 15, 2025.
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