A Canadian delegation is cautiously optimistic about receiving partial relief from steel tariffs during a meeting between Prime Minister Mark Carney and U.S. President Donald Trump at the White House. The hope is that any alleviation in steel tariffs could pave the way for reductions in other tariffs imposed on Canada. The meeting was set after an informal invitation extended by Trump to Carney during their previous meeting in New York City.
Despite positive ongoing trade talks between Canada and the U.S., there is apprehension due to the unpredictable nature of Trump’s decisions. The U.S. has imposed various tariffs on Canada, resulting in economic challenges. While no broad trade deal announcement is expected, there is anticipation that progress on steel tariffs could lead to potential agreements on lowering additional tariffs.
The relationship between Carney and Trump has had its ups and downs, with efforts to reach a new Canada-U.S. trade and security agreement facing obstacles such as the digital services tax issue. Talks were paused and resumed following tensions over the tax. Trump’s remarks about Canada potentially becoming the 51st state continue to add complexity to the situation. Despite hopes for progress, there is underlying concern about the uncertainties associated with dealing with Trump.