Updated
Updated · POLITICO · Nov 4
Trump, Carney Revive Trade Talks as U.S.-Canada Tariff Fight Drags Into 3rd Month
Updated
Updated · POLITICO · Nov 4

Trump, Carney Revive Trade Talks as U.S.-Canada Tariff Fight Drags Into 3rd Month

3 articles · Updated · POLITICO · Nov 4

Summary

  • A weekend phone call between Donald Trump and Mark Carney reopened a path to a U.S.-Canada trade agreement, with Carney saying both sides aim to reach a deal in the coming weeks.
  • Jamieson Greer, Trump’s top trade adviser, has privately pressed the president to restart negotiations and cool the dispute, according to three people familiar with the discussions.
  • The push highlights a split inside Trump’s team: Greer wants to lower tensions, while Commerce Secretary Howard Lutnick has resisted Canadian demands for tariff cuts even as he stepped up contacts with Ottawa.
  • August’s collapse in talks triggered a broad trade war hitting sectors from autos to dairy and turned the tariff fight into an issue in key midterm battleground campaigns.
  • Carney’s latest optimism marks a shift from his earlier stance that Canada could wait for a new U.S. president before striking an acceptable deal.

Insights

Will the renewed Trump-Carney trade talks save the deeply integrated auto industry from compounding tariff costs?
Could the recent refusal to extend the USMCA permanently alter the economic landscape between the U.S. and Canada?
How might the escalating dairy and auto tariff war reshape North American supply chains if a deal fails?