Canada's Carney Says Trade Talks With U.S. Have Picked Up Following Collapse
By Paul Vieira
OTTAWA--Canadian Prime Minister Mark Carney said there's been a "slight intensification" in talks with the Trump administration on a revised crossborder-trade pact.
Carney, however, played down prospects for an imminent deal. President Trump this past weekend, at a rally in Michigan, said an agreement could be reached soon, without elaborating. National Economic Council director Kevin Hassett also signaled a pickup in talks.
"There is no change in the position of Canada," said Carney, speaking to reporters following meetings Monday with indigenous leaders. He said Canadian negotiators stand ready to agree to a pact that is fair to the country. Officials, among them Carney, have said the pact must incorporate tariff relief from Washington on goods like steel, aluminum and automobiles.
Carney said a deal is possible so long as the U.S. moves toward Canada's demands.
Talks on a crossborder trade pact collapsed back in August, with both sides accusing the other of making last-minute demands. In response, the U.S. and Canada have slapped additional duties on some of their neighbors' products, and Trump has vowed to double the existing tariff on Canadian-made motor vehicles to 50% starting Jan. 1.
Write to Paul Vieira at paul.vieira@wsj.com
(END) Dow Jones Newswires
October 26, 2026 17:28 ET (21:28 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
2 Undervalued Stocks to Buy With Long-Term Growth Ahead
The Market May Be Too Pessimistic About This 4-Star Dividend Stock
4 Stocks to Buy for the Long-Term While They’re Still Undervalued
Why This Vanguard ETF Is One of the Best
United States