US and Canada are finalising a highly anticipated trade deal, with President Donald Trump and Prime Minister Mark Carney hailing it as a major success.
Trump stated that the proposed agreement will be highly welcomed by American farmers and manufacturers, while Prime Minister Carney emphasized that it will secure the best terms for Canada’s strategic sectors and provide much-needed certainty for the future of US-Canada trade relations.
Trade negotiators convened on Wednesday for their third consecutive day of talks, just after President Trump paused a new wave of tariffs he had threatened to impose overnight on a variety of Canadian goods.
However, specific details regarding the scope of the agreement, the concessions made by both sides, and the outstanding issues still remain unclear.
Following a 45-minute meeting with his Canadian counterpart, US Trade Representative Jamieson Greer spoke briefly to reporters, expressing that the American side is “very happy” with the latest round of discussions.
Greer announced that he will soon brief Congress and US stakeholders on the specifics of the deal.
“We feel confident that we’ve reached an agreement that will not only continue to protect American workers, American jobs, and American supply chains, but really strengthen the North American economy,” Greer stated.
He further noted that the deal resolves several key “irritants” that the US has had with Canada.
Also Read
- Global Sugar Markets Adjust to Tight Supply Concerns and Weather Uncertainties
- Fed Officials Signal Rate Hike Could Come if Inflation Remains Elevated, Minutes Reveal
- Sussex Tragedy Identifies Victims as British-Palestinian Family with Teen Daughter Lost at Sea
- 3 Reasons I’d Trust This 5.8%-Yielding Dividend Right Now