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‘I welcome the president’s comments’: PM Carney responds to Trump update on Canada-U.S. trade deal
Carney says Ottawa is ready to restart talks after the August collapse, but only for a deal that protects sovereignty and cultural institutions.
Prime Minister Mark Carney welcomed President Donald Trump's weekend remark that a trade deal could come "fairly soon," reiterating his belief that a "mutually advantageous" agreement remains possible.
Trade negotiations collapsed on Aug. 21 after both sides cited last-minute demands, prompting the U.S. to implement 50% tariffs on US$20 billion of Canadian exports, which Canada matched with counter-tariffs.
Carney remains in "regular contact" with Trump, emphasizing any deal must respect Canada's sovereignty, cultural institutions, and its right to sign independent trade agreements with other nations.
Toronto is hosting an inaugural investment summit where Carney said attendees are "all professionals" unaffected by recent U.S. mocking and AI-generated memes targeting Canada.
The prime minister stated there is "not a pride thing" regarding who initiates resumed negotiations, suggesting the administration may better understand Canada's non-negotiable red lines for a future deal.
Canadian Prime Minister Mark Carney said a new trade agreement with the United States is still possible, although he warned that Ottawa will not negotiate its sovereignty, its cultural protections, and its ability to sign pacts with other countries.